On Oct 25, major Wall Street analysts update their ratings for $Harley-Davidson (HOG.US)$, with price targets ranging from $34 to $40.
Morgan Stanley analyst Megan Alexander maintains with a buy rating, and maintains the target price at $40.
BofA Securities analyst Alexander Perry maintains with a buy rating, and adjusts the target price from $45 to $40.
Citi analyst James Hardiman maintains with a hold rating, and adjusts the target price from $39 to $34.
KeyBanc analyst Noah Zatzkin maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Harley-Davidson (HOG.US)$'s main analysts recently are as follows:
Anticipations are set for Harley-Davidson's retail and shipments to see a downturn in Q4, with additional expectations of gross margin pressure due to volume deleverage, as noted post the Q3 report. Despite these near-term headwinds, a more favorable outlook is perceived for 2025, influencing the current sentiment on the company's shares.
Although there's an inclination to believe that the risk factors surrounding the company's outlook leading into 2025 have been mitigated, this confidence is restrained by the presence of what appears to be excessive inventory levels, a prolonged pattern of declining retail sales, and ambitious profit margin goals that may render the financial forecasts for 2025 and 2026 overly optimistic.
Here are the latest investment ratings and price targets for $Harley-Davidson (HOG.US)$ from 4 analysts:
Note:
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