UBS analyst Robin Farley lowered the firm’s price target on Harley-Davidson (HOG) to $27 from $28 and keeps a Neutral rating on the shares. U.S. retail sales at the dealer in Q2 may have been down around 13%-15%, the analyst tells investors in a research note. Harley-Davidson may view lessening declines through Q2 as a positive trend, but April and June retail may have been worse than May, not sequential improvement through the quarter, UBS says.
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