NEW YORK (TheStreet) -- Harley-Davidson (HOG) shares are down -3.1% to $68.14 on Wednesday after being downgraded to "market perform" from "strong buy" by analysts at Raymond James (RJF).
The firm also lowered its full year EPS estimates for the company to $3.94 from $4 following a survey they conducted that indicated that sales during the second quarter fell below analysts 11% growth estimates.
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TheStreet Ratings team rates HARLEY-DAVIDSON INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HARLEY-DAVIDSON INC (HOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."