Goldman Sachs outlined its preview of the second quarter for auto stocks. Below is a summary of some of their notable calls.
Goldman On Guidance
Goldman expects the following changes to guidance:
-
Harley-Davidson Inc (NYSE: HOG): Sees
lower guidance, retail checks suggest sluggish sales
-
Dana Holding Corporation (NYSE: DAN):
Lower guidance on expected market share losses
-
Sonic Automotive Inc (NYSE: SAH): Lower
guidance on Takata recall effects
-
Cooper-Standard Holdings Inc (NYSE: CPS)
and Metaldyne Performance Group Inc (NYSE: MPG): Both seen raising guidance as outlooks are too conservative
Related Link: Fiat
Chrysler Less Favorable Following Brexit, Says Barclays
On Earnings
Goldman analysts expect consensus beating results from the following due to solid production and expected strength in North
American and European auto sales:
-
General Motors Company (NYSE: GM)
-
Delphi Automotive PLC (NYSE: DLPH)
- Metaldyne Performance Group
Additionally, Goldman expects Ford Motor Company (NYSE: F) to mostly achieve its guidance for the year.
Latest Ratings for HOG
| Date |
Firm |
Action |
From |
To |
| Jul 2016 |
Baird |
Downgrades |
Buy |
Neutral |
| Jul 2016 |
Baird |
Downgrades |
Outperform |
Neutral |
| Jul 2016 |
UBS |
Downgrades |
Buy |
Neutral |
View More Analyst Ratings for
HOG
View the Latest Analyst Ratings
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.