Citi raises PT on Harley-Davidson citing 'renewed Fed-driven optimism'
** Brokerage Citi raises PT on motorcycle maker Harley-Davidson HOG.N to $39 from $37
** Median PT of 15 brokerages at $42.50 - LSEG data
** HOG shares up as much as 2.58% to $39.35 in early trade
** Citi says investors appear to be giving HOG "another look amid renewed Fed-driven optimism"
** Brokerage notes HOG shares have risen following "embedded optimism" in reduced FY forecast in July
** Over the last three months, stock has risen more than 12%
** However, in current Q3, co recorded double-digit sales growth in domestic retail sales in July and a mid-single-digit decline in August, Citi says
** Given the divergence between July and August, the trajectory of September retail will play a big role in whether or not company forecast and our numbers are reasonable to finish out the year - Citi
** Up to Wednesday's close, stock had risen ~4% YTD
Reporting by Neil J Kanatt in Bengaluru
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