From Financial Modeling Prep: 2024-10-02 05:54:36

Harley-Davidson’s stock downgraded by Baird from “Outperform” to “Neutral” due to slowing sales and market demand concerns. Competitive pressures and weaker consumer sentiment cited as reasons for the change.

Slowing sales in the U.S. market, increased competition in electric motorcycles, and economic concerns impacting discretionary spending are key factors behind the stock downgrade.

Harley-Davidson’s shares declined post-downgrade, reflecting investor uncertainty. Analysts advise caution as the company faces challenges. Investors can access detailed financial analysis through FMP’s Full Financials API.

Despite the downgrade, Harley-Davidson sees opportunities in international markets and electric motorcycles. Pivoting to capture new customer segments is crucial for long-term success. Tracking key metrics using FMP’s Balance Sheet API can provide insights into the company’s financial adaptation.



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