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Fly News Breaks for August 30, 2016
HOG
Aug 30, 2016 | 06:38 EDT
Citi analyst Gregory Badishkanian says his firm's latest survey with around 30 Harley-Davidson dealers suggests that the MY17 Touring models are "fairly impactful and could drive incremental sales over the next 12 months." A bounce in retail sales amid negative investor sentiment could set up a favorable risk/reward for Harley shares in the second half of 2016, Badishkanian tells investors in a research note. The analyst keeps a Buy rating on the shares with a $62 price target. Harley closed yesterday down 24c to $52.33 after Longbow downgraded the stock to Underperform.
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