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Fly News Breaks for October 17, 2018
HOG
Oct 17, 2018 | 08:23 EDT
RBC Capital analyst Joseph Spak nudged his price target on Harley Davidson lower to $43 from $45 and kept his Sector Perform rating ahead of its Q3 results. The analyst says that the company's U.S. retail trends likely remained "soft" based on his dealer checks, anticipating declines of as high as -7% on comps of -8.1%, which he says would mark the 7th consecutive quarter of declining retail trends. Spak adds that the Street will look for added color from the management regarding the company's newly launched More Roads initiative.
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