This document provides an equity research report on Harley-Davidson that includes a fundamental analysis. It summarizes the company's business segments, regional markets, and provides a PEST analysis of political, economic, social, and technological factors impacting the company. It also includes a Porter's Five Forces analysis, SWOT analysis, analysis of liquidity and profitability ratios compared to competitors, and valuation of the company's stock. The analysis finds the stock is currently overvalued and recommends a "sell".