| NEW YORK
NEW YORK Slowing product sales could trigger shares of Harley-Davidson Inc. (HOG.N) to decrease soon after currently being on the increase for substantially of the previous twelve months, in accordance to a Barron’s deal with story dated Feb. 27.
The short article notes that the famed motorbike maker’s client foundation of center-aged Americans is shrinking and a powerful U.S. greenback hurts the profitability of intercontinental product sales.
Barron’s believes the stock ought to trade in the lower $40s, down from about $fifty six on Friday.
“With so several secular issues, it truly is difficult to have an understanding of why Harley shares are still cruising together around the superior conclude of their valuation vary,” the story states.
(Reporting by Lawrence Delevingne Modifying by Alan Crosby)