RBC Lifts Harley-Davidson (HOG) to Outerpform Following Earnings
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An analyst at RBC Capital has upgraded shares of Harley-Davidson (NYSE: HOG) this morning following its Q3 results yesterday. The stock rallied more than 5% yesterday on the solid earnings.
The RBC analyst moved his investment rating on HOG from Sector Perform to Outperform, also raising his price target from $27 to $35.
The stock is trading slightly higher this morning amid numerous upgrades. With the stock price now around $27.90, RBC's new price target represents potential upside of about 25%.
Harley-Davidson, Inc., through its subsidiaries, produces heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services.
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