BMO Capital analyst Gerrick Johnson cut his Q2 retail sales growth estimate for Harley-Davidson to 2% from 5%, citing wetter than usual weather. However, the analyst says that "dealer outlooks are improving," while the company is gaining market share and its "innovation remains strong." He recommends buying the stock on weakness.
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.