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Harley-Davidson up after cutting 2025 tariff cost forecast

ReutersMay 12, 2025 5:59 PM

Shares of Harley-Davidson HOG.N rise 6% to $25 in afternoon trading

Co slashed 2025 U.S.-China tariff-related charges by $45 million to a range of $30 million to $55 million

Cited U.S.-China economic and trade meeting in Geneva, where both countries agreed on a 90-day pause on tariffs and a sharp drop in reciprocal duties

If the tariff level remains at 30% for the remainder of 2025, HOG said costs would range between $10 million and $35 million

Five of 16 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $28.21

YTD, shares down 21.6% as of last close

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