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Looks like HD are leading a recovery?

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  • Looks like HD are leading a recovery?

    http://www.marketwatch.com/m/Story/faaa9c93-d2a7-4b44-bfc5-7d638b7a4f37

  • #2
    SAN FRANCISCO (MarketWatch) -- Harley-Davidson Inc. shares jumped more than 7% on Tuesday after Citigroup cited improving retail sales trends in its upgrade of the motorcycle giant.

    Harley (HOG) stock ended up $1.73 at $25.02 and have now risen 47% since the beginning of the year.

    Citigroup pushed its rating up to hold from sell and raised its target price on the stock to $26 from $14.

    "Based on our channel checks, we believe U.S. retail sales trends for [Harley-Davidson] and the overall heavyweight motorcycle category have improved since" the second quarter, analyst Gregory Badishkanian wrote in a note to clients.

    "We attribute the improvement to the better overall economy, which has also benefited other leisure segments," he added.

    Badishkanian also said a shift in senior management with Keith Wandell at the helm and a focus on cost cutting is "exactly what the company needs

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    • #3
      'heavyweight motorcycle category'

      S.
      Chuck Norris is 1/8th Cherokee. This has nothing to do with ancestry, the man ate a fucking Indian.

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      • #4
        Thanks for the edit. Still trying get the hang of the PSB app for iPhone!

        Ps: don't you lot sleep? It's only just dawn here in Cairns!

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        • #5
          It is study time, hitting the books pretty hard, all night .

          /offtopic


          ----------------


          Look at this chart of Harley Davidson, pretty interesting data. Once the economy gets up and running you would expect their share prices to soar back to healthy 40's. Dunno about the ''leading the economy part though .

          [IMG][/IMG]

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          • #6
            Originally posted by Xuaxace View Post
            Dunno about the ''leading the economy part though .
            I was trying to give them a win.

            Originally posted by Xuaxace;1576584
            [IMG
            [/IMG]
            Classic reverse Head and Shoulders pattern. Looks like a buy to me (if you're into American Iron and stocks)

            *not advice*

            D'Art

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            • #7
              You can trust the yanks to spin "still down by over 50%" into "up 50% from where we bottomed out"
              This is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product you should consider how appropriate it is in regard to your personal circumstances.

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