Tags: US | Harley | Davidson | Mover

Harley-Davidson Rises After RBC Lifts Price Target

Shares of Harley-Davidson Inc. traded higher Monday after RBC Capital Markets raised its price target for the motorcycle maker.

Harley shares rose $1.78, or 6.2 percent, to $30.16 by midday. They earlier hit $30.68, eclipsing a previous 52-week high of $30 set in December.

RBC analyst Edward Aaron increased his share price prediction to $36 from $32.

Aaron wrote in a research note that overall retail sales should improve in March, and that Harley should benefit from improved pricing on its bikes. He also said Harley may break a string of disappointing earnings when it reports first-quarter results on April 20.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
Shares of Harley-Davidson Inc. traded higher Monday after RBC Capital Markets raised its price target for the motorcycle maker.Harley shares rose $1.78, or 6.2 percent, to $30.16 by midday. They earlier hit $30.68, eclipsing a previous 52-week high of $30 set in...
US,Harley,Davidson,Mover
101
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved