Harley Davidson is losing traction or so think the analysts at Goldman Sachs. The firm downgraded Harley’s stock to ‘hold’ from ‘buy’ and cut the price target to $50 saying that dealer checks in the past two weeks seem to show foot traffic has been mixed if not weak in the first two months of the second quarter. The bank says this muddles their ‘buy’ thesis which already included concerns about long term brand relevance and demographic headwinds they thought would be offset by a cyclical recovery. Jeanne Yurman from TheStreet reports.
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