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By: Dividend Daily
March 12, 2012 at 09:04 AM EDT
Harley-Davidson’s Target Boosted at Citigroup (HOG)
Motorcycle maker Harley-Davidson, Inc. (HOG) on Monday caught some positive commentary from analysts at Citigroup.
The firm maintained its “Neutral” rating on HOG but lifted its price target to $50. That new target suggests a 6.5% upside to the stock’s Friday closing price of $46.88.
Citigroup defended the move by noting Harley has seen solid retail momentum from January to early March.
Harley-Davidson shares were mostly flat in premarket trading Monday.
The Bottom Line
Harley-Davidson, Inc. is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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