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Harley-Davidson checks show strong October sales, says Citigroup

Citigroup said its Harley-Davidson dealer checks indicate October retail sales were likely up mid teens, which it views as very strong. Citi checks also suggested that Harley-Davidson's new Street 750 and Street 500 motorcycles have been well received and should sell well. The firm continues to view Harley-Davidson as a high-conviction long idea and keeps a Buy rating on the name with a $79 price target.