Trump supports boycott of Harley-Davidson cycles

Trump supports boycott of Harley-Davidson cycles

Equities research analysts at Wedbush increased their FY2018 earnings per share estimates for shares of Harley-Davidson in a research report issued to clients and investors on Wednesday, July 25th, Zacks Investment Research reports.

As recently as previous year, Trump extolled the company, saying in a meeting with executives in the Roosevelt Room that he considered Harley-Davidson a "true American icon, one of the greats".

The comment came as part of The Times" wider look at the reaction of pro-Trump motorcyclists to President TrumpDonald John TrumpKavanaugh once said president would likely have to testify before grand jury if subpoenaed: report Twitter says InfoWars account will remain online despite violating its rules Melania Trump family immigration lawyer praises so-called "chain migration' MORE's feud with Harley-Davidson.

"Great!" he wrote of purported plans by customers of Harley-Davidson to boycott the venerable motorcycle company over its plan to move production of motorcycles sold in Europe to factories outside the U.S. The firm, founded in Milwaukee in 1903, estimated that it would lose $100 million annually from steel tariffs imposed by the president in March.

A Harley Davidson showroom in South San Francisco.

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Harley-Davidson opened at $43.25 on Thursday, according to Marketbeat. It is known that the company Harley-Davidson has always been developing motorcycles with electric engines.

He added, however, that the cost of the raw materials required to build the bikes in the United States then sell them overseas would be prohibitive. "In moving forward, we are tapping into the spirit that drove our founders back in 1903 and every one of the employees and dealers who rose to the challenges faced along the way".

"Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas".

In other Harley-Davidson news, Director Jochen Zeitz sold 1,598 shares of the business's stock in a transaction that occurred on Monday, August 6th. Worldwide retail sales decreased 3.6 percent.

The company believes its accelerated strategy is in line with and reinforces its objectives to drive revenue growth and expand operating margins. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment goal only.

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