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Analyst Actions: Harley Davidson Pares Some Losses After Duetsche Bank Downgrade

03:17 PM Eastern Daylight Time, 04/13/2010 (MidnightTrader) — Harley Davidson (HOG) is spinning out in today’s trading, down just under 1% although off its low of $31.76, after Deutsche Bank downgraded the stock largely on valuation. The stock has risen 109% since last may.

The stock has been mired in the red all session, opening down 92 cents at $31.83. The stock has been paring losses since the open, but still hasn’t found its way back to even.

Analyst Rod Lache cut the stock to “hold” from “buy” after the price run up, saying further upside requires a meaningful recovery in motorcycle demand. Lache sees demand holding to 2009’s level for some time to come.

Price: 32.52, Change: -0.23, Percent Change: -0.70

Analyst Actions: Harley Davidson Pares Some Losses After Duetsche Bank Downgrade