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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
Shares of Harley-Davidson (HOG) have a 1.32% dividend yield, based on Friday’s closing stock price of $46.88. The stock has technical support in the $42 price area. If the shares can firm up, we see overhead resistance around the $50 price level.

Harley-Davidson, Inc. is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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