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Actionable news in HOG: HARLEY-DAVIDSON Inc,

Here's Why Harley-Davidson's Stock Is Running Out Of Gas

Wall Street may not believe Harley-Davidson (HOG - Get Report) is cruising toward better days, despite a surprise improvement in business that capped off a challenging 2015.

Shares of the iconic bike maker were down about 8% on Wednesday morning following a bearish note on the company's market share position so far in 2016. Longbow analyst David MacGregor said that his firm's channel checks indicate that Polaris' (PII - Get Report) Indian motorcycle brand has been taking away Harley-Davidson's market share in the cruiser and sportster segments.

According to Macgregor's research, Indian dealers have indicated strong sales of their Scout models, which compete directly with Harley-Davidson's Light Cruiser Lineup.

Meantime, ITG analyst John Tomlinson reduced his estimates for...