Argus analyst Jim Corridore keeps a Buy rating and $40 price target on Harley-Davidson after its Q1 earnings beat. Revenue fell 3% to $1.7B reflecting by a 7% revenue drop at Harley-Davidson Motor Company segment and Harley-Davidson Financial Services revenue growth of 12%, while its Motorcycle shipments fell 7% due to dealer inventory management, but the demand environment is starting to improve somewhat, and the firm sees further improvement moving through 2024, the analyst tells investors in a research note. Argus is also raising its 2024 EPS estimate to $4.47 from $4.40 and its 2025 EPS estimate to $5.00 from $4.65.