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Harley-Davidson (HOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On October 2, shares of Harley-Davidson Inc. (NYSE: HOG) fell 5% after analysts at Baird downgraded the stock from Buy to Neutral, lowering the price target to $40 from $42. The downgrade was prompted by alarming feedback from dealers regarding third-quarter trends.
Baird downgraded Harley-Davidson Inc (NYSE:HOG) to "neutral" from "buy" earlier, with the analyst in question citing lackluster retail guidance for the third quarter and an inventory surplus.
Harley-Davidson is recalling about 41,600 model year 2024 motorcycles over concerns that the wiring inside the bikes could experience a short circuit.
MINNEAPOLIS--(BUSINESS WIRE)--It was digital manufacturing leader Protolabs' quick-turn parts for the win in partnership with Harley-Davidson® Factory Racing. The team competes in the King of the Baggers series, a one-of-a-kind motorcycle competition bringing together the best riders in the world to race large Harley-Davidson Road Glide® motorcycles at speeds exceeding 180 mph. The racing team's dedication to constant iteration has produced faster, nimbler bikes capable of setting course record.
Harley-Davidson stock currently trades at about $38 per share, around 22% below its levels of $50 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, automotive major Ford stock is down by about 10% over the same period.
CNBC's Joe Kernen reports on the latest news.
Harley-Davidson (NYSE:HOG) backtracked on its diversity programme after being targeted by conservative influencer Robby Starbuck. The famous motorbike manufacturer has faced a backlash from customers after policies (DEI) championed by chief executive Jonathan Zeitz on race theory, climate change and gender prompted calls to boycott the US icon.
Harley-Davidson released a statement on Monday renouncing DEI and other controversial company initiatives in the wake of social-media outrage and withering pressure from longtime loyal bikers.
GENESEO, N.Y.--(BUSINESS WIRE)-- #EdelsteinLaw--A local New York man was awarded more than $287 million in punitive damages, following a fatal accident involving a Harley-Davidson motorcycle.