Goldman Sachs Downgrades Harley-Davidson (HOG) to Neutral Following Q4

January 30, 2013 6:55 AM EST
Get Alerts HOG Hot Sheet
Price: $58.39 +0.27%

Rating Summary:
    4 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Goldman Sachs downgraded Harley-Davidson (NYSE: HOG) from Buy to Neutral with a price target of $58.00 (from $54.00) following Q4 results.

The firm adjusted 2013/2014/2015 EPS estimates to $3.18/$3.86/$4.02 from $3.54/$4.03/$4.41.

"At current levels, the stock is trading at 17.2x our 2013 EPS estimate which is close to the top end of HOG’s traditional trading range which we believe limits upside potential even with the strong operational performance we expect," the analyst notes. "In the past 12 months the shares are up 23.0% vs. a gain of 14.5% for the S&P 500."

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 $54.52 yesterday.

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