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Thursday, 07 April 2016 10:40

Harley-Davidson Slumps 7% as ITG Investment Research Slashes Q1 Unit Sales Outlook (NYSE:HOG)

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Harley DavidsonShares of Harley-Davidson (NYSE:HOG) were slumping Wednesday after ITG Investment Research lowered its Q1 unit sales forecast citing evidence that sales trends deteriorated significantly in March, MarketWatch reported. The research firm lowered its U.S. retail unit sales forecast by three percentage points, as it now expects a year-over-year decline of 5% to 7% in Q1.

ITG Investment Research added it appears the motorcycle maker’s overall market share declined in Q1 from the year-ago quarter. Read On

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