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Stock Market & Financial Investment News

News Breaks
June 25, 2014
10:59 EDTHOG, BCHarley slides, Brunswick advances after ratings changes
Harley-Davidson (HOG) is falling and Brunswick (BC) is advancing after KeyBanc downgraded the shares of the motorcycle maker and upgraded the stock of the boat maker. WHAT'S NEW: There have been indications of "sluggish" motorcycle sales trends so far this year, KeyBanc analyst Brett Andress wrote in a note to investors earlier today. The trends appear to be "essentially flat," the analyst stated. Andress believes that Harley-Davidson performed better than the industry as a whole this quarter, as he estimates that the company's sales rose by low single digit percentage levels. Still, that is below the motorcycle maker's full-year guidance for a 7%-9% increase in shipments, the analyst noted. He downgraded his rating on the shares to Hold from Buy. Conversely, Brunswick should benefit from "modest, sustained momentum" in overall boat sales and a strong rebound in sales of its flagship SeaRay boats, the analyst believes. Andress cited positive registration data and anecdotes from retailers as two reasons for his optimism about the SeaRay line. Sales of the boats could double by 2017 to about $600M, he estimated. However, supply constraints may keep newer versions of the SeaRay line from coming on the market until the second half of 2014 or the first half of next year, so 2014 may be more of a transitional year for Brunswick, Andress warned. However, Brunswick's stock more adequately reflects this dynamic following its recent decline, according to the analyst, who upgraded the shares to Buy from Hold and set a $55 price target on the stock. PRICE ACTION: In mid-morning trading, Harley-Davidson dropped 1.2% to $69.85 and Brunswick gained 2% to $41.64.
News For BC;HOG From The Last 14 Days
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March 5, 2015
07:23 EDTHOGJPMorgan to hold a forum
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March 4, 2015
16:39 EDTHOGHarley-Davidson files automatic mixed securities shelf
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March 3, 2015
14:34 EDTBCBrunswick sees FY15 EPS $2.70-$2.85, consensus $2.86
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14:32 EDTBCBrunswick targets revenue growth of 5%-7% CAGR for 2014-2016
14:31 EDTBCBrunswick targets FY16 EPS $3.00-$3.40, consensus $3.50
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February 26, 2015
17:27 EDTHOGHarley-Davidson plans direct distribution to independent dealers in Canada
Harley-Davidson will transition to a model of direct distribution to independently owned dealers in Canada by July 31, 2017, when the company's current agreement ends with Deeley Harley-Davidson Canada, the exclusive distributor of Harley-Davidson products in Canada since 1973. The two companies are also in discussions about a possible agreement to move up the transition in Canadian operations to as early as the third quarter of 2015. As part of its global growth strategy, Harley-Davidson has largely migrated to a globally consistent model of direct distribution to independently owned dealers and, in recent years, has established direct distribution and operations in a number of its major markets including Brazil, Australia, Italy and the Scandinavian countries. Under direct distribution, the company manages sales to dealers, marketing, dealer recruitment and retail capabilities, consumer events and other aspects of its in-market activities, often through wholly-owned subsidiaries. Canada remains among the only markets operating through a third-party distributor arrangement.
February 20, 2015
09:57 EDTHOGHarley-Davidson U.S. retail unit sales forecasts below consensus at ITG Research
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