BofA analyst Alexander Perry raised the firm’s price target on Harley-Davidson to $45 from $40 and keeps a Buy rating on the shares ahead of the company’s scheduled earnings report due Thursday, February 8. The firm, which is slightly raising its Q4 retail unit sales assumption to down 14% year-over-year from down 17% to better align with recent I.H.S. data and Placer Foot Traffic data, believes Harley is well positioned for 2024 given a significant refresh of its popular Road Glide and Street Glide model families.
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