DA Davidson lowered the firm’s price target on Harley-Davidson (HOG) to $30 from $34 and keeps a Buy rating on the shares after its Q3 earnings beat. Inventory reduction actions have been put in place by new CEO Artie Starrs, and the firm views these actions – along with the sequential rate of U.S. retail demand improving – as a positive for the company looking ahead, the analyst tells investors in a research note. Starrs is clearly showing welcomed focus on dealer health and rebuilding trust amongst the network, the firm added.
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