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Harley-Davidson (HOG) Gets a Hold Rating from RBC Capital

In a report issued on February 8, Joseph Spak from RBC Capital maintained a Hold rating on Harley-Davidson (HOGResearch Report), with a price target of $44.00. The company’s shares closed last Thursday at $42.58.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.8% and a 48.7% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Dana Holding.

Harley-Davidson has an analyst consensus of Moderate Buy, with a price target consensus of $55.60, implying a 30.1% upside from current levels. In a report issued on February 1, Morgan Stanley also upgraded the stock to Hold with a $40.00 price target.

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Based on Harley-Davidson’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.37 billion and net profit of $163 million. In comparison, last year the company earned revenue of $725 million and had a GAAP net loss of $96.4 million.

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Harley-Davidson, Inc. is engaged in the manufacture and sale of custom, cruiser and touring motorcycles. It operates through the following segments: Motorcycles & Related Products; and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services. The Financial Services segment comprises of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. The company was founded by William Sylvester Harley, Arthur Davidson, Walter C. Davidson, Sr. and William A. Davidson in 1903 and is headquartered in Milwaukee, WI.

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