Harley-Davidson price target raised to $36 from $33 at Citi

Citi analyst James Hardiman raised the firm’s price target on Harley-Davidson to $36 from $33 and keeps a Neutral rating on the shares. Based on the firm’s most recent dealer channel checks, the firm estimates domestic retail sales are trending down low double-digits year-over-year in Q4, notes the analyst, who higher valuations in the market, and especially the leisure sector, for its increased price target. However, it adds that continues to view Harley as “one of the risker names in our group.”