2020-06-09 08:34:58 HOG Harley-Davidson
06/09/20 06/0908:34 06/09/2008:34 | Harley-Davidson price target raised to $27 from $19 at WedbushWedbush analyst James Hardiman raised the firm's price target on Harley-Davidson to $27 from $19 and keeps a Neutral rating on the shares. While the analyst believes that a pandemic and a new management team have given the company the cover to make some much-needed changes, the underlying secular challenges remain. In the meantime, on face value Hardiman supports management's new inventory strategy, as it not only addresses the issue of dwindling inventory turns, but also helps to improve the supply/demand balance of used bikes at retail. | |
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