Jefferies Upgrades Harley-Davidson (HOG) to Hold

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Jefferies upgrades Harley-Davidson (HOG) to Hold as shares reach $39 target

March 15, 2023 1:46 PM EDT

Jefferies upgraded Harley-Davidson, Inc. (NYSE: HOG) to a Hold rating (From: Underperform) as the motorcycle manufacturers stock reaches its $39 price target.

Analyst, Anna Glaessgen says that she sees a more balanced risk/reward for the company. However, Jefferies view on fundamentals is unchanged as they remain cautious on retail demand stabilization amid a shaky macro backdrop and risks stemming... More