March 12. 2012 2:00AM - Last modified: March 15. 2012 12:11PM

Harley’s stock jumps with sales growth


Harley-Davidson Inc.'s common stock shares today hit a 52-week high at the open after Citigroup equities analysts raised their price target for the Milwaukee motorcycle maker to $50 per share from $46.
Citigroup said the upgrade reflected 16- to 18-percent first-quarter sales growth for Harley, helped by mild winter weather.
Citigroup left its "neutral" rating on Harley's stock unchanged. Nevertheless, the note sent Harley's shares up $1.20, or 2.6 percent higher to $48.10, making it the top percentage gainer today in the S&P 500 Index.
Harley's stock is up 24 percent since the start of the year.