Harley-Davidson (HOG) PT Lowered to $53 at Wedbush Following 1Q
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Price: $24.69 -3.82%
Rating Summary:
7 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
7 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Wedbush lowered its price target on Harley-Davidson (NYSE: HOG) to $53.00 (from $55.00) while maintaining a Neutral rating. Full-year 2017 shipments are expected to be flat to down modestly, identical to the previous language given following 4Q. For 2017 estimates were cut down $0.20 to $3.73.
HOG reported 1Q17 EPS of $1.05, $0.03 better than the Street’s $1.02. retail sales fell well short of expectations, both domestically and internationally, while better-than-expected margin fueled the beat.
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