DA Davidson analyst Brandon Rolle lowered the firm’s price target on Harley-Davidson to $43 from $47 but keeps a Buy rating on the shares ahead of its Q3 results. The analyst notes improved U.S. shipments and positive feedback from the Dealer Forum that the company hosted last week. While U.S. retail sales may disappoint, the weak U.S. retail environment is likely already reflected in the stock, the firm tells investors in a research note.
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