Harley-Davidson’s Management Has Done A Commendable Job

Today, FTN Equity Capital Markets Corp. reiterated their “Buy” rating for Harley-Davidson, Inc. (NYSE: HOG) with a price target of $30.00.

The Firm believes that “Harley-Davidson is a compelling value at these levels. So far during 2009, management has done a commendable job of positioning the company to weather the unprecedented economic storm. With the downside now minimized, we believe investors have just begun to consider the upside potential of Harley-Davidson as the economy inevitably rights itself.”

So far this year, HOG gained over 68%.