D.A. Davidson analyst Brandon Rolle maintains $Harley-Davidson (HOG.US)$ with a buy rating, and adjusts the target price from $43 to $39.
According to TipRanks data, the analyst has a success rate of 37.3% and a total average return of -6.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Harley-Davidson (HOG.US)$'s main analysts recently are as follows:
Expectations are set for a downturn in retail and shipments for Harley-Davidson in the fourth quarter, accompanied by a squeeze on gross margins due to volume deleverage. This follows the company's third-quarter report. Despite these challenges, there remains optimism for a more favorable outlook by 2025, which is reflected in the analysis despite a reduced applied multiple to the 2025 earnings per share estimate.
Despite the post-Q3 report sentiment, there remains a limited assurance that the company's strategy is secure leading up to 2025. This cautious stance is influenced by inventory quantities that appear excessive, a persistent pattern of declining retail sales, and ambitious margin goals that may set future expectations for 2025 and 2026 unrealistically high.
Note:
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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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