Barclays Sees Several Catalysts in Harley-Davidson (HOG); Defends Restructuring Plan
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Price: $59.48 +2.60%
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HOG Now!
Barclays maintains an 'Overweight' on Harley-Davidson (NYSE: HOG) price target of $62.00.
Analyst, Felicia R. Hendrix, continued to believe in Harley's restructuring plan, along with a recovery in the U.S., international expansion and full throttle on future growth catalysts. And, although concerns of a challenging macro environment and the possibility of Q2 sales being weaker than expected, the stock continues to outperform the S&P 500.
Hendrix's takeaways from Harley-Davison's Analyst Day: 1) dealers should lighten inventories in 2013, but see surge capacity as Kansas City goes online. The plan will reduce the need for dealers to have excess.
HOG shares are down 3.55% today to $46.22, but the stock is up 24% year-to-date.
For an analyst ratings summary and ratings history on Harley-Davidson click here. For more ratings news on Harley-Davidson click here.
Shares of Harley-Davidson closed at $47.92 yesterday, with a 52 week range of $31.50-$54.32.
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Analyst, Felicia R. Hendrix, continued to believe in Harley's restructuring plan, along with a recovery in the U.S., international expansion and full throttle on future growth catalysts. And, although concerns of a challenging macro environment and the possibility of Q2 sales being weaker than expected, the stock continues to outperform the S&P 500.
Hendrix's takeaways from Harley-Davison's Analyst Day: 1) dealers should lighten inventories in 2013, but see surge capacity as Kansas City goes online. The plan will reduce the need for dealers to have excess.
HOG shares are down 3.55% today to $46.22, but the stock is up 24% year-to-date.
For an analyst ratings summary and ratings history on Harley-Davidson click here. For more ratings news on Harley-Davidson click here.
Shares of Harley-Davidson closed at $47.92 yesterday, with a 52 week range of $31.50-$54.32.
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