Barclays Upgrades Harley-Davidson (HOG) to Overweight; Continued Retail Strength
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Price: $27.78 -0.25%
Rating Summary:
8 Buy, 15 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 15 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays upgraded Harley-Davidson (NYSE: HOG) from Equalweight to Overweight, price target from $45 to $62.
Analyst, Felicia R. Hendrix, said, "We have been warming up to Harley-Davidson over the past several quarters given the anticipated boost to operating efficiencies from the company's current restructuring program. That said, we have remained on the sidelines given a lack of confidence in the sustainability of recent retail sales growth..." However, Hendrix said channel checks are strong and several initiatives are taking hold.
FY12 EPS estimate raised from $2.69 to $2.89 and FY13 from $3.20 to $3.85.
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 $53.49 yesterday.
Analyst, Felicia R. Hendrix, said, "We have been warming up to Harley-Davidson over the past several quarters given the anticipated boost to operating efficiencies from the company's current restructuring program. That said, we have remained on the sidelines given a lack of confidence in the sustainability of recent retail sales growth..." However, Hendrix said channel checks are strong and several initiatives are taking hold.
FY12 EPS estimate raised from $2.69 to $2.89 and FY13 from $3.20 to $3.85.
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 $53.49 yesterday.
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