Wedbush Maintains an 'Outperform' on Harley-Davidson (HOG); Channel Checks Indicate Sales Trends Down, But...
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Price: $53.52 +0.73%
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade HOG Now!
Wedbush maintains an 'Outperform' on Harley-Davidson (NYSE: HOG) price target of $58.00.
Analyst, Rommel Dionisio, said, "Based on feedback from another survey of over 65 U.S. motorcycle dealers, we believe domestic retail sales trends for Harley-Davidson declined low- to mid-single-digits QTD, but have begun to see a pickup in early Sept. Dealers cited the primary reason for y/y declines in July and Aug. was the shifted timing of new product launches compared to last year. A year ago, Harley began shipping new MY12 introductions as early as June/July. However, as Harley shut down its largest manufacturing facility earlier this quarter due to a major ERP implementation, it decided to delay the timing of MY13 product launches timing to late-Aug."
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 $44.72 yesterday, with a 52 week range of $31.93-$54.32.
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Analyst, Rommel Dionisio, said, "Based on feedback from another survey of over 65 U.S. motorcycle dealers, we believe domestic retail sales trends for Harley-Davidson declined low- to mid-single-digits QTD, but have begun to see a pickup in early Sept. Dealers cited the primary reason for y/y declines in July and Aug. was the shifted timing of new product launches compared to last year. A year ago, Harley began shipping new MY12 introductions as early as June/July. However, as Harley shut down its largest manufacturing facility earlier this quarter due to a major ERP implementation, it decided to delay the timing of MY13 product launches timing to late-Aug."
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 $44.72 yesterday, with a 52 week range of $31.93-$54.32.
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