Harley-Davidson price target lowered to $31 from $33 at Morgan Stanley

Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Harley-Davidson (HOG) to $31 from $33 and keeps an Equal Weight rating on the shares after the company reported Q4 losses well below the Street’s forecast, driven by a significant gross margin miss relative to expectations. FY25 guidance was also below Street expectations, notes the analyst, who is now modeling FY25 EPS of $3.13, down from a prior view of $3.67, and FY26 EPS of $3.87, down from a $4.16 previous forecast.