Harley-Davidson price target raised to $50 from $46 at Baird

Baird analyst Craig Kennison raised the firm’s price target on Harley-Davidson to $50 from $46 and keeps an Outperform rating on the shares. The firm said undamentally, they see good value based on their sum-of-the-parts analysis that supports a stock price above $50 based on reasonable assumptions. Tactically, they see an opportunity in a stock that has not meaningfully participated in the broader rotation into consumer discretionary ideas.