Tuesday, April 10, 2012

Ahead Of The Bell: Harley-Davidson Upgraded


An analyst raised Harley-Davidson Inc.'s rating and price target on Tuesday, citing strengthening motorcycle sales.
       Citi Investment Research's Gregory Badishkanian lifted Harley-Davidson to "Buy" from "Neutral" and increased the company's price target to $55 from $50. In a client, note the analyst said that U.S. retail sales are up about 15 percent to 17 percent in the first quarter. This compares with an 11.8 percent rise in the fourth quarter.
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