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Fly News Breaks for April 6, 2016
HOG
Apr 6, 2016 | 19:44 EDT
William Blair analyst Sharon Zackfia after the market close downgraded Harley-Davidson to Market Perform from Outperform. Continued "lackluster" retail sales trends are putting estimates and the company's guidance at risk, Zackfia tells investors in a research note. Harley's Q1 is likely to mark the sixth straight quarter of retail sales declines in the United States, the analyst contends. It is "difficult to pinpoint what in the world is wrong with Harley-Davidson," Zackfia writes. Harley-Davidson closed the trading day down 7%, or $3.50, to $46.34.
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