Goldman Sachs Lowers Numbers on Harley-Davidson (HOG)

October 19, 2011 8:44 AM EDT
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Price: $27.78 -0.25%

Rating Summary:
    8 Buy, 15 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs lowered estimates and its price target on Harley-Davidson (NYSE: HOG) from $49 to $44 following Q3 results yesterday.

The firm cut 2011/2012/2013 estimates to $2.28/$3.04/$3.56 from $2.52/$3.18/$3.70. Q4 EPS numbers were taken down due to expectations on a lowered gross margin and higher SGA expense.

For more ratings news on Harley-Davidson click here and for the rating history of Harley-Davidson click here.

Shares of Harley-Davidson closed at $34.59 yesterday.


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