BofA Securities analyst Alexander Perry maintains $Harley-Davidson (HOG.US)$ with a buy rating, and adjusts the target price from $45 to $40.
According to TipRanks data, the analyst has a success rate of 37.8% and a total average return of -3.4% 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 retail and shipments of Harley-Davidson to see a decline in Q4, coupled with anticipated Q4 gross margin pressure due to volume deleverage. This follows the Q3 report. Despite these short-term headwinds, a more favorable outlook is maintained towards 2025, which is reflected in the forward-looking earnings per share estimate.
Post the Q3 report, there remains a cautious stance on Harley-Davidson due to several factors that could limit confidence in the company's outlook towards 2025. These factors include inventory levels that appear excessive, a prolonged pattern of retail sales declines, and ambitious margin goals which may set future expectations for 2025 and 2026 at levels that could be overly optimistic.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
