Harley-Davidson share price surges

Troubled motorcycle giant receives much-needed boost

HARLEY-DAVIDSON shares reached their highest level in almost 2.5 years - up 6.7 percent at $30.29 in Monday's midday trading on the New York Stock Exchange.

The boost is the result of an analyst raising his price target for the motorcycle maker's shares to $36 from $32.

The upturn is the second boost the troubled US bike manufacturer has received in the last month; Harley's shares also surged recently on speculation that the company could be a target of a leveraged buyout.

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