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Actionable news in HOG: HARLEY-DAVIDSON Inc,

Harley-Davidson (HOG) Stock Plunges, Analyst Slashes Q1 Sales Outlook

NEW YORK (TheStreet) -- Harley-Davidson (HOG - Get Report) stock is retreating by 7.52% to $46.10 on heavy trading volume this morning, after ITG Investment Research cut its first-quarter unit sales forecast for the motorcycle manufacturer.

The firm reduced its retail unit sales outlook by 3% and now expects that retail unit sales will drop between 7% and 5% year-over-year, compared to the consensus estimate for a 0.1% decline, MarketWatch reports.

The downward revision reflects the company's weak retail trends in March, ITG wrote in a note.

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