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Stock Market & Financial Investment News

News Breaks
August 1, 2014
09:05 EDTHOGHarley issues recall for motorcycles with ignition switch defect, AP says
Harley-Davidson is issuing a recall for over 3,300 FXDL Dyna Low Rider motorcycles due to the fact that the bike's engine vibration could potentially turn the ignition switches from "run" to "accessory, " reported the Associated Press. The recall relates to bikes from the 2014 half model year and the firm noted that no crashes or injuries have been linked to the defect. 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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