KeyBanc transitioned coverage of Harley-Davidson to analyst Noah Zatzkin who rates the stock with Sector Weight rating and no price target. The company’s management effectively transformed the business through Rewire, rationalizing the dealer base/channel, and illuminating core HDMC profitability improvements, the analyst tells investors in a research note. The firm adds however that sentiment on the stock will remain stuck in the near-term via the accumulation of multiple hurdles that include reduced visibility info 2023 from macro volatility and checks that reveal curbed HDFS appetite.
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Published first on TheFly
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