Harley-Davidson price target raised to $27 from $26 at Citi

Citi raised its price target on Harley-Davidson to $27 from $26 and maintained a Neutral rating, citing improved momentum in the company’s U.S. retail business. The firm said Harley’s U.S. retail unit sales rose 6% in Q2, which it characterized as a “meaningful deceleration” versus the 16% growth reported in Q1. The note suggests investors are weighing the pace of sales growth as results and guidance come into focus. The same article also includes a brief market item unrelated to Harley-Davidson: TipRanks announced it has launched an ETF on the NYSE under the ticker RANK. It said the fund tracks the TipRanks US Momentum Analysts Index, a rules-based portfolio of 50 large U.S. companies.