UPDATE 3-Harley raises margin target as factory revamp kicks in


* Fourth-qtr profit of 31 cts/share below 32 cent consensus * Revenue declines 1.5 percent * Sees 2013 motorcycle shipments up 4.5 pct to 6.5 pct By Scott Malone Jan 29 (Reuters) - Harley-Davidson Inc said it expects profit margins to rise this year as the U.S. motorcycle maker begins to benefit from a revamp of its factories to allow them to react more quickly to shifts in demand. The 110-year-old company has been ...

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