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Fly News Breaks for July 19, 2017
HOG
Jul 19, 2017 | 07:13 EDT
UBS analyst Robin Farley said Harley-Davidson's revised guidance poses risk to long-term assumptions. The analyst said next year's new product introductions are expected to be less impactful than this year's and the company said they expect second half declines to be in-line with the first half. Farley said Harley's demand outlook is clearly worse than what management was planning for in the first half. Farley maintained her Neutral rating and lowered her price target to $47 from $57 on Harley-Davidson shares.
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