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Harley-Davidson Now a “Buy” at Citigroup (HOG)

By Dividend.com,  April 10, 2012, 08:45:45 AM EDT

Motorcycle maker Harley-Davidson, Inc. ( HOG ) on Tuesday caught a big upgrade from analysts at Citigroup.

The firm said it lifted its rating on HOG from "Neutral" to "Buy" while raising its price target from $50 to $55. That new target suggests a 17% upside to the stock's Monday closing price of $46.92.

Citigroup noted that recent retail trends at the motorcycle maker should be encouraging to investors. Harley-Davidson shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Harley-Davidson ( HOG ) have a 1.32% dividend yield, based on last night's closing stock price of $46.92. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $50-$51 price levels.

Harley-Davidson, Inc. ( HOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: HOG



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