BUZZ-D.A. Davidson raises PT for Harley-Davidson on prospects of strong Q1

Reuters04-11

** D.A. Davidson raises PT for Harley-Davidson to $49 from $42

** "Although January retail sales were negatively impacted by unfavorable weather and anticipation/pent-up demand for the MY24 product launch, our checks indicate HOG has seen a strong double-digit% retail trend since February," brokerage says

** When talking with dealers about their inventory position entering 2Q24, the majority of dealers indicated they were light on the best-selling Touring models, says D.A. Davidson, which has "buy" rating on the stock

** "During HOG's October 2023 Town Hall meeting they told dealers they would improve inventory availability for dealers during the prime retail selling months," it added

** 8 of 15 brokerages rate the stock "buy" or higher, 7 "hold"; their median PT is $46.50

** YTD, HOG up 9.6%

(Reporting by Abhinav Parmar)

((Abhinav.parmar@thomsonreuters.com))

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