Bobby Harvey
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Boomers Or Bust? Bernstein Downgrades Harley-Davidson As 'Potential Upside Is Now In The Rear View'

Analysts at Bernstein no longer hold a bullish view on Harley-Davidson Inc  given the belief that motorcycle demand in the United States is "in the throes of secular erosion."

Bernstein's David Beckel downgraded Harley-Davidson's stock from Outperform to Market Perform with a price target slashed from $62 to $55 as his bullish stance was based on upside from Milwaukee-Eight (M-8) and expectations of a President Trump-induced demand.

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