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Fly News Breaks for October 22, 2019
HOG
Oct 22, 2019 | 15:02 EDT
William Blair analyst Sharon Zackfia lowered her estimates for Harley-Davidson, noting that lower shipments, unfavorable mix, tariffs, and currency headwinds resulted in Q4 GAAP motorcycle margin guidance for a decline of 5.5% that was worse than her projected 2% decline. Full-year margins, as a result, will likely be at the lower end of the company's reiterated margin guidance of 6%-7%, said Zackfia, who keeps a Market Perform rating on Harley shares. While investors have sent the stock up 9% following the company's report, she sees risk to the consensus assumption for a return to positive shipments in 2020, added the analyst.
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