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 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.