RESEARCH ALERT-UBS Warburg rates Harley-Davidson a "buy"

Newswire

NEW YORK, Sept 27 (Reuters) - UBS Warburg on Friday said it started research coverage of motorcycle manufacturer Harley-Davidson Inc. with a "buy" rating, anticipating further demand and production growth. Analyst Robin Farley said Harley-Davidson has grown through two recessions, recently using new product introductions to stimulate demand, and will likely introduce more new models to drive demand in 2004. The analyst, whose 12-month price target is $52 a share, said Harley-Davidson's ...

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