BofA raised the firm’s price target on Harley-Davidson to $55 from $50 and keeps a Buy rating on the shares after hosted a fireside chat with CFO Jonathan Root and Director of Investor Relations Shawn Collins at the firm’s consumer conference. Following the meeting, the firm believes that Harley is well positioned for 2024 given a significant refresh of its popular Road Glide and Street Glide model families, to which consumer reaction has been very favorable. Harley should also benefit from manufacturing efficiencies as its supply chain has become more predictable, the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HOG:
- Latest checks on Harley-Davidson show positive U.S. growth, says DA Davidson
- Harley-Davidson price target raised to $37 from $36 at Citi
- Harley-Davidson raises quarterly dividend to 17.25c per share
- Harley-Davidson, Inc. Declares Dividend
- Harley-Davidson price target raised to $42 from $41 at DA Davidson