Harley-Davidson checks show U.S. sales slowed in April, says Citigroup Citigroup's channel checks indicate Harley-Davidson's U.S. retail sales in are trending up 1%-3% in April/early May, following a 29% increase in March. Citi says that while investors may view the data point as negative, trends are volatile month to month and May/June sales should be more normalized. The firm keeps a Buy rating on the stock with a $61 price target.
Harley-Davidson management is too optimistic on a recovery, says Barclays Barclays analyst Felicia R. Hendrix believes Harley-Davidson's management is too optimistic near-term on a recovery. Hendrix said used bikes continues to outpace new sales, recent product launches have generated lower than expected "mindshare" among core customers. and competition is growing their presence. The analyst recommends stating on the sidelines until Harley-Davidson can demonstrate sustainable growth.