Harley-Davidson checks show Q4 U.S. retail sales up 6%-8%, says Citigroup Citigroup said its Harley-Davidson dealer channel checks indicate the company's Q4 U.S. retail sales rose 6%-8%. Citi says dealer inventories likely increased slightly given better availability. The firm expects investors to view the positive U.S. retail sales in Q4 as favorable and keeps a Buy rating on the stock.
Harley-Davidson initiated with an Outperform at Wedbush Wedbush started shares of Harley-Davidson with an Outperform rating and $85 price target. The firm likes the Harley-Davidson's revamped cost structure and new-product development pipeline.