Baird Downgrades Harley-Davidson Inc to Neutral

Brokerage firm Baird Downgrades its rating on Harley-Davidson Inc(NYSE:HOG). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Baird was issued on Jul 5, 2016.

In a different note, On Jun 6, 2016, Goldman Sachs said it Downgrades its rating on Harley-Davidson Inc. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, Deutsche Bank said it Maintains its rating on Harley-Davidson Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm.

Harley-Davidson Inc (HOG) made into the market gainers list on Fridays trading session with the shares advancing 1.90% or 0.91 points. Due to strong positive momentum, the stock ended at $48.73, which is also near the day’s high of $49.37. The stock began the session at $47.99 and the volume stood at 27,00,331 shares. The 52-week high of the shares is $60.67 and the 52 week low is $36.36. The company has a current market capitalization of $8,825 M and it has 18,10,90,080 shares in outstanding.

Harley-Davidson Inc(HOG) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.58B. Analysts had an estimated revenue of $1.50B. Earnings per share were $1.36. Analysts had estimated an EPS of $1.30.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Michelle Kumbier (SVP, Motor Co. Product & Ops) sold 26,667 shares at $46.25 per share price.Also, On Apr 26, 2016, Tonit M Calaway (VP, Human Resources) sold 2,227 shares at $48.97 per share price.On Feb 3, 2016, Lawrence G Hund (President-HDFS) sold 1,554 shares at $40.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Harley-Davidson Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC which designs manufactures and sells street-legal Harley-Davidson motorcycles as well as a line of motorcycle parts accessories general merchandise and related services. The Company’s products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.

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