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Brokers positive on Harley-Davidson (NYSE: HOG) ahead of earnings release
Summary
Harley-Davidson (NYSE: HOG) received a rating upgrade from brokers ahead of the company’s earnings release, resulting in an upward revision in its stock price on Friday. HOG saw an increase of 4.8% in its price as D.A. Davidson renewed its rating on the stock.
The company will release its earnings report for the second quarter of 2023 on July 27, 2023, before market hours. With a market cap of over US$5 billion, Harley-Davidson is globally recognized as a leading motorcycle manufacturer. The company also provides financing solutions to dealers and customers through its Harley-Davidson Financial Services division.
Refinitiv data suggests that HOG has a mean recommendation rating of 2.1 on a scale of one to five. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell’ rating. The consensus mean price target on the stock was US$45, as of July 21, 2023.
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