In Wednesday’s Analysts’ Actions, TheStreet highlights an upbeat note on CarMax (KMX) along with a couple of downgrades on Harley-Davidson (HOG) and Tesla Motors (TSLA) by Wall Street firms. Analysts at Pacific Crest lowered their rating on the electric car maker to SECTOR WEIGHT from OVER WEIGHT with a $293 price target. Analysts at RBC Capital lowered their rating on Harley-Davidson to MARKET PERFORM from OUTPERFORM with a price target of $59, citing weak motorcycle demand and stiff competition. And, analysts at Goldman Sachs upgraded shares of CarMax to BUY from HOLD, pointing to the 11% drop since April that has created an appealing entry point. Goldman analysts also reduced their price target to $78 from its prior $80 despite the higher rating. TheStreet’s Kurumi Fukushima reports in New York.
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