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Nov 23, 2016 @ 15:40

Morgan Stanley says Trump presidency may be good for Harley-Davidson

 

Morgan Stanley’s lead auto analyst Adam Jonas is also the bank’s lead motorcycle analyst, and he likes Harley-Davidson.

On Tuesday, Jonas published a research note in which he hiked his price target for the all-American motorcycle maker to $61 from $54, with an “overweight” rating (his version of a “buy”).

Harley-Davidson shares had closed on Monday at $58 and were trading at almost $60 on Tuesday, up about 2%.

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