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Fly News Breaks for November 4, 2019
HOG
Nov 4, 2019 | 07:14 EDT
KeyBanc analyst Brett Andress downgraded Harley-Davidson to Underweight from Sector Weight with a $33 price target. In a research note to investors, Andress cites dealer checks, deteriorating new and used conditions and a lack of near-term catalysts for the downgrade. The analyst sees Road Glide, which represents 15%-20% of Harley's U.S. retail units, pressure further weighing on mix and gross profit into FY20, potentially driving an EPS headwind of about 25c.
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