Standpoint Research Downgrades Harley Davidson From Buy To Hold (HOG)

Standpoint Research has downgraded shares of Harley-Davidson HOG from Buy to Hold. Standpoint analyst Ronnie Moas wrote, "Harley-Davidson shares are now fairly valued at 90X trailing twelve months earnings, 28X estimates for 2010 and 16X (speculative) estimates for next year." During the current trading session, HOG shares have fallen 0.19% to $32.29. Since Standpoint recommended the stock, it has out-performed the S&P 500 by 4000 basis points since the market low in Q1 2009 and by >2000 basis points in the last six weeks.