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Harley-Davidson (HOG) Stock Lower on Ratings Downgrade

NEW YORK (TheStreet) -- Shares of Harley-Davidson (HOG) were declining in pre-market trading on Monday after Longbow downgraded the stock to "underperform" from "neutral."

The firm's dealer checks signal that wholesale shipments are at the low end of the guidance range, TheFly reports.

Inventory increased during July and August, and a lack of promotions failed to clear the inventory before mid-2017 shipments, dealers told Longbow.

The firm anticipates heightened competition as well as higher investment and margin...