Raymond James Keeps 'Strong Buy' on Harley-Davidson
Raymond James rates Harley-Davidson (HDI ) as a strong buy.
Analyst Joseph Hovorka says the motorcycle maker's fundamentals remain strong, and haven't deteriorated. The stock apparently is trading lower Wednesday as some on the Street were looking for higher 2004 unit guidance.
Horvorka says he estimates 8% 2004 unit growth, in line with the company's 317,000 2004 unit growth target. He's reviewing his estimates, and currently has a $57 12-month target.