Harley-Davidson (HOG): UBS Analyzes 25 Years Of Inventory Data

September 15, 2016 8:52 AM EDT
Get Alerts HOG Hot Sheet
Price: $58.23 -0.5%

Rating Summary:
    4 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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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.

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 $50.87 yesterday.

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