DA Davidson raised the firm’s price target on Harley-Davidson to $42 from $41 and keeps a Buy rating on the shares. The company’s Q4 earnings beat expectations and its guidance assumptions were “conservative”, the analyst tells investors in a research note. The firm remains positive on the stock based on the management’s FY24 earnings prospects, with the company also citing a positive initial reception for their model-year 2024 product launch, DA Davidson added.
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Read More on HOG:
- Harley-Davidson price target raised to $40 from $38 at Baird
- Harley-Davidson (NYSE:HOG) Races Past Q4 Estimates
- Harley-Davidson Delivers Fourth Quarter Financial Results Successfully Completing the Third Year of Hardwire Strategic Plan
- Harley-Davidson sees FY24 HDMC revenue flat to down 9%
- Harley-Davidson reports Q4 EPS 18c, consensus 3c
