Harley-Davidson sees shipping 71K-76K motorcycles in Q1 In the first quarter of 2013, the Company expects to ship 71,000 to 76,000 motorcycles, an approximate increase of 10% to 18% from the year-ago period. The Company's first-quarter shipment plan reflects the implementation of surge production at York in the first half of 2013. The Company expects full-year 2013 gross margin of 35.25% to 36.25 %. The Company expects capital expenditures of $200M-$220M in 2013.
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.