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Stock Market & Financial Investment News

News Breaks
July 9, 2014
15:22 EDTHOGHarley-Davidson recalling 66,421 motorcycles due to potential wheel lock-up
Harley-Davidson is recalling certain model year 2014 ABS-equipped Touring and CVO Touring motorcycles manufactured July 1, 2013, through May 7, 2014, as they may have been assembled with the front brake line positioned so that it can be pinched between the fuel tank and frame causing the front brake fluid pressure to increase. A pinched brake line will increase the front brake fluid pressure, possibly resulting in a front wheel lock-up, increasing the risk of a crash. The potential number of units affected is 66,421, according to the recall notice posted to the site of the National Highway Traffic Safety Administration. Reference Link
News For HOG From The Last 14 Days
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November 14, 2014
11:45 EDTHOGHarley-Davidson advances after Goldman ups rating to Buy
Shares of Harley-Davidson are climbing after Goldman Sachs upgraded the stock to Buy from Neutral in a note to investors today. The company's comparative U.S. retail sales growth accelerated last month, the firm reported. WHAT'S NEW: After conducting channel checks, Goldman analyst Patrick Archambault wrote that the motorcycle maker's U.S. sales growth for October came in above the 3.4% increase the company reported for the third quarter. The accelerating comparative sales were driven by easier comparisons and the company's new products, according to Archambault. He expects the company's momentum to continue into next year and is upbeat on the stock's longer term outlook. The analyst set an $81 price target on the shares. PRICE ACTION: In late morning trading, Harley-Davidson gained 1% to $68.50.
10:00 EDTHOGOn The Fly: Analyst Upgrade Summary
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05:26 EDTHOGHarley-Davidson upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Harley-Davidson to Buy after its channel checks indicated U.S. retail sales accelerated in October. Goldman expects new products to drive improved revenue growth and upped its price target for shares to $81 from $66. Shares of the motorcycle maker closed yesterday up 54c to $67.65.

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