Why Harley-Davidson's Stock Is Trading Higher Today

Harley-Davidson HOG shares are trading higher on Monday after analysts at Citigroup announced a Buy rating on the stock with a $33 price target.

Harley-Davidson is the world's leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise.

Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captures about half of all heavyweight domestic retail motorcycle registrations. We expect the firm will be present in electric, middleweight, and small-displacement markets by 2021.

Harley-Davidson shares were trading up 5.6% at $24.78 on Monday. The stock has a 52-week high of $40.89 and a 52-week low of $14.31.

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