Harley-Davidson (HOG): UBS Analyzes 25 Years Of Inventory Data
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UBS analyst, Robin Farley, reiterated her Neutral rating on shares of Harley-Davidson (NYSE: HOG) after analyzing 25 years of Harley dealer inventory in the US to think about what the right inventory level - based on retail sales volume, growth rates, dealership base, size of model line-up, and cumulative inventory should be.
The analyst's conclusion is that there is downside to Harley's guidance but "a slimmer HOG may be a smoother ride". The price target of $54 is down from $55.
Shares of Harley-Davidson closed at $50.87 yesterday.
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