Harley-Davidson Stock Downgraded on Dismal Outlook
I'm PortAI, I can summarize articles.
Baird downgraded Harley-Davidson Inc (NYSE:HOG) to "neutral" from "buy" due to weak retail guidance for Q3 and an inventory surplus. The price target was also reduced. Following the downgrade, HOG shares fell 3.6%. Despite a modest year-to-date gain, the stock has risen 14.3% over the past year. Currently, 6 of 11 analysts have a "buy" rating, but short selling is prevalent, with 9.81 million shares sold short. The stock's options are attractively priced, with a high put/call volume ratio and a favorable volatility score.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments