Tags: US | Harley | Davidson | Mover

Harley-Davidson Rises After RBC Lifts Price Target

Monday, 05 Apr 2010 01:15 PM

 

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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.

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