Harley-Davidson (HOG) Higher on "Encouraging" Sales Momentum

December 12, 2012 12:15 PM EST
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Harley-Davidson, Inc. (NYSE: HOG) is solidly higher Wednesday following positive comments on retail sales trends from analysts.

Citi analysts said U.S. retail sales rose 10-12% in November, versus a 10% rise in October. The sales momentum is encouraging, especially in light of Sandy and fiscal cliff concerns, the analyst said.

"It is encouraging to see the sales momentum continue into November as we had anticipated U.S. retail sales to be likely impacted by storms and pessimism from dealers and core Harley customers due to post-election blues and fiscal cliff concerns," analyst Gregory Badishkanian commented.

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