Harley-Davidson price target raised to $47 from $44 at DA Davidson

DA Davidson analyst Brandon Rolle raised the firm’s price target on Harley-Davidson to $47 from $44 and keeps a Neutral rating on the shares. The company’s Q4 results outperformed expectations and its initial FY23 outlook anticipates stronger than expected HDMC profitability, the analyst tells investors in a research note. Harley-Davidson shares should outperform current consensus expectations given that the firm’s recent checks have indicated stronger than expected new model year shipments, DA Davidson states.