Harley-Davidson downgraded to Market Perform from Strong Buy at Raymond James Raymond James downgraded Harley-Davidson to Market Perform following survey results that indicate Q2 domestic sales slowed more than expected. The results suggest Q2 retail sales grew in mid-single digits vs. expectations of 11% growth and that more dealers have too much inventory than those who have too little. The firm lowered 2014 EPS to $3.94 from $4.00 and 2015 EPS to $4.56 from $4.65.
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.