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 Dividend.com DARS™ Rating of 3.3 out of 5 stars.