UBS analyst Robin Farley downgraded Harley-Davidson to Neutral from Buy with the stock near her unchanged price target of $57. In a research note titled "As Good As It Gets?," Farley says she sees limited upside to consensus expectations and little room for multiple expansion. "We have no view on reports Friday that HOG could be the target of a take-out," she adds. Baird also downgraded Harley-Davidson this morning. The shares are down 10%, or $5.55, to $48.70 in morning trading.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Harley-Davidson continues to expect: HDMC revenue flat to down 9% and operating income margin of 12.6%-13.6%, HDFS operating income flat to up 5%, LiveWire electric motorcycle unit sales of 1,000 to 1,500 and Harley-Davidson capital investments of $225M-$250M.