Michael Savner said July was rough for Brunswick, Polaris and Harley-Davidson Inc. (nyse: HOG - news - people ) He cut his price target on all three companies, and named Brunswick and Polaris as his "least favorites" in the sector.
Savner said Harley-Davidson inventory levels are slightly lower than they were earlier this year, but are still significantly higher than last year and 2007 models are not selling. That may encourage Harley-Davidson to cut prices, hurting sales of 2008 bikes, he said.
The analyst his price target on the stock to $62 from $64. Shares fell 35 cents to finish Tuesday at $54.99.
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