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Harley-Davidson’s Price Target Cut at UBS (HOG)

Motorcycle maker Harley-Davidson, Inc. ( HOG ) on Tuesday saw its price target lowered by analysts at UBS.

The firm maintained its "Neutral" rating on HOG but cut its price target to $39. That new target suggests an 8% upside to the stock's Friday closing price of $36.

UBS noted that Harley's retail sales growth in the U.S. has slowed, as it faces difficult August sales comps.

Harley-Davidson shares fell $1, or -2.8%, in premarket trading Tuesday.

The Bottom Line

Shares of Harley-Davidson ( HOG ) have a 1.39% dividend yield, based on Friday's closing stock price of $36.00. The stock has technical support in the $32-$35 price area. If the shares can firm up, we see overhead resistance around the $39-$40 price levels.

Harley-Davidson, Inc. ( HOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 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 Nasdaq, Inc.

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

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