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Harley-Davidson, Inc. (HOG)
by Zacks Equity ResearchMay 30, 2012 | Comments : 0 Recommended this article: (0)
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In the first quarter of 2012, the company posted a 44% rise in profits and beat the Zacks Consensus Estimate by $0.03 per share. The company also upgraded its shipment guidance for the full year 2012 to 245,000 to 250,000 motorcycles from 240,000 to 245,000 motorcycles previously.
As such, we continue with our long-term recommendation of Outperform on its shares with a target price of $57.00. This target price represents 20.1X our 2012 EPS estimate.
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