Harley-Davidson mentioned cautiously at UBS UBS said Harley Davidson shipped everything it produced in Q1 in stead of stockpiling, adding 6c to EPS. The firm notes that dealer inventory grew even with strong Q1 sales.
Harley-Davidson buyback a significant catalyst, says Baird Baird said the Harley-Davidson announcement to add 15M additional shares to its existing share buyback authorization is a significant catalyst as its signals a potential bottom to value investors looking for an attractive entry point. Baird reiterated its Outperform rating and $70 price target on Harley-Davidson shares.
Harley-Davidson upgraded to Buy from Neutral at UBS UBS upgraded Harley-Davidson to Buy and increased its price target to $63 from $60. The firm upgraded shares based on valuation and new balance sheet strategy following changes at the board and CEO level. Harley-Davidson announced an additional 20M share buyback yesterday on top of the existing 15.9M and UBS believes the move signals a shift in strategy towards shareholder returns.