HOG - Harley-Davidson rallies after Baird turns bullish for first time in five years

Harley-Davidson (HOG) is up solidly in premarket action after Baird upgrades the motorcycle maker to an Outperform rating from Neutral.The firm notes that it was the first time since 2016 that it has had a bullish stance on Harley.The company's change in strategic direction and lean inventories caught the attention of Baird.Analyst Craig Kennison also pointed to a recent dealer survey that suggested the retail channel could see growth this year for the first time since 2014.Baird pushes its price target on HOG up to $45.Shares of Harley-Davidson are up 3.25% premarket to $38.75. See the 52-week chart.

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Harley-Davidson rallies after Baird turns bullish for first time in five years