Harley-Davidson Stock Downgraded on Dismal Outlook

Baird downgraded Harley-Davidson Inc (NYSE:HOG) to "neutral" from "buy" earlier, with the analyst in question citing lackluster retail guidance for the third quarter and an inventory surplus. In addition, the brokerage firm slashed its price objective on the equity to $40 from $44.HOG was last seen down 3.6% to trade at $36.65 in response. The security once again came short of the $40 level last week, which also rejected its April rally. Harley-Davidson stocks sports only a modest year-to-date lead, but in ...