Harley-Davidson Inc (NYSE:HOG) shares are trading lower Thursday after the company announced a CFO transition.
What Happened: Harley-Davidson CFO Gina Goetter will step down from her role at the end of April to pursue another opportunity.
The company has initiated a formal search process for a new CFO. Until the search is concluded, Harley-Davidson vice president and treasurer David Viney will serve as interim CFO, effective April 28.
“I would like to thank Gina for her many contributions to Harley-Davidson since joining the Company in 2020 – we wish her well in her next endeavor,” said Jochen Zeitz, chairman, president and CEO of Harley-Davidson.
Following the announcement, BofA Securities analyst Robert Ohmes maintained Harley-Davidson with a Buy rating, but lowered the price target from $65 to $55.
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HOG Price Action: Harley-Davidson has a 52-week high of $51.77 and a 52-week low of $29.82.
The stock was down 4.18% at $35.79 at the time of publication, according to Benzinga Pro.
Photo: David Mark from Pixabay.
