BofA lowered the firm’s price target on Harley-Davidson to $45 from $50 and keeps a Buy rating on the shares ahead of the company’s Q3 report scheduled on October 24. BofA expects EPS in-line with its recently lowered estimate of 81c, but lowered its Q3 U.S. retail forecast to down 3.5% year-over-year from up 7% to reflect updated Polk registration data and channel checks, the analyst tells investors in a preview.
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