Street Fades Harley-Davidson Upgrade

Harley-Davidson Inc HOG shares are trading lower by $0.85 (1.4 percent) at $61.20 in Wednesday's session. Investors have utilized a Raymond James upgrade from Underperform to Market Perform to exit the issue.

In fact, the stock's higher opening print of $62.69 has turned out to be the high for the session. That level comes in between Monday's high ($62.95) and Tuesday's high ($62.12).

The push lower has taken the stock well beyond Tuesday's close ($62.05) and Tuesday's low ($61.66), so far reaching $61.12. That low is just above Monday's low of $60.93. If the decline continues, there may be additional support at its April 7 low of $60.46.