Slowing sales, strong
dollar could hit Harley stock: Barron's
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[February 27, 2017]
By Lawrence Delevingne
NEW YORK (Reuters) -
Slowing sales could cause shares of Harley-Davidson
Inc.to decline after being on the rise for much of the
past 12 months, according to a Barron's cover story
dated Feb. 27.
A Harley-Davidson motorcycle is pictured at the
Harley-Davidson Museum in Milwaukee, Wisconsin August
31, 2013. REUTERS/Sara Stathas
article notes that the famed motorcycle maker's customer base of
middle-aged Americans is shrinking and a strong U.S. dollar
hurts the profitability of international sales.
Barron's believes the stock should trade in the low $40s, down
from around $56 on Friday.
"With so many secular challenges, it's hard to understand why
Harley shares are still cruising along near the high end of
their valuation range," the story states.
(Reporting by Lawrence Delevingne; Editing by Alan Crosby)
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