Harley-Davidson price target lowered to $42 from $47 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the firm’s price target on Harley-Davidson to $42 from $47 and keeps a Neutral rating on the shares. The firm states that its dealer checks revealed the absence of U.S. retail acceleration during March. While DA Davidson "remains confident" in its Street-high Q1 EPS view of $1.60, there’s risk to FY23 U.S. Shipments and earnings for the remainder of the year if dealers are unable to destock new inventory in Q2, the analyst tells investors in a research note.