Harley-Davidson (HOG) May Retail Dealer Sales Could Be Down as Much as 8% - UBS
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Harley-Davidson (NYSE: HOG) is lower off the open after UBS analyst Robin Farley said May retail sales at U.S. dealers may be down more than YTD April declines of -5-6%, perhaps down as much as -8%.
"May retail declines are meaningful given that we are well into the spring riding season, and Q2 is typically around 34-35% of FY U.S. retail sales for HOG," she said.
The firm maintained a Neutral rating and price target of $57.
Shares of Harley-Davidson closed at $56.23 yesterday.
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