Harley-Davidson price target raised to $44 from $42 at DA Davidson

DA Davidson analyst Brandon Rolle raised the firm’s price target on Harley-Davidson to $44 from $42 and keeps a Neutral rating on the shares. The analyst is citing his mid-Q4 motorcycle industry checks, which suggest stronger than expected shipments, solid retail demand, and stable credit metrics in the Harley-Davidson Financial Services business. Rolle adds that he remains positive on the stock heading into their upcoming new model year launch.