Longbow Research Upgrades Harley-Davidson (HOG) to Neutral

March 15, 2017 4:35 AM EDT
Get Alerts HOG Hot Sheet
Price: $40.70 +1.80%

Rating Summary:
    8 Buy, 16 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 30 | New: 13
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Longbow Research upgraded Harley-Davidson (NYSE: HOG) from Underperform to Neutral.

The analyst comments "We are upgrading HOG shares to a NEUTRAL rating after our 1Q dealer checks revealed stronger than expected retail sell-through to start the year. While we estimate shipments were down -11-13% during the quarter, that rate is below the -17.5% midpoint of 1Q17 shipment guidance. Contacts cited strong reception for the new MY17 models and warmer than expected weather as the main driver of sales."

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 $60.10 yesterday.

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