Morgan Stanley analyst Megan Alexander maintains $Harley-Davidson (HOG.US)$ with a buy rating, and maintains the target price at $40.
According to TipRanks data, the analyst has a success rate of 48.1% and a total average return of 1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Harley-Davidson (HOG.US)$'s main analysts recently are as follows:
The expectation is for a decrease in retail and shipments for Harley-Davidson in Q4, along with anticipated pressure on Q4 gross margins due to volume deleverage, following the Q3 report. The analyst maintains a positive outlook towards the company's prospects for 2025, which has influenced the current perspective despite a revision in the applied multiple to the calendar 2025 EPS estimate.
Despite the aspiration to view the situation as de-risked leading up to 2025, there is limited optimism due to inventory levels that appear elevated, a persistent trend of retail sales decreases, and aggressive margin goals that may set future expectations for 2025 and 2026 excessively high.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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