BEFORE THE BELL-Harley-Davidson slides after downgrade

NEW YORK, Jan 12 (Reuters) - Shares of Harley-Davidson (HOG.N) slid 10 percent to $14.40 in premarket trade on Monday after Goldman Sachs cut its rating on the stock to "sell" and added it to the firm's Conviction Sell list.

The firm also reduced its six-month price target to $11 from $30, citing considerable downside from the dual impact of unprecedented headwinds in global luxury motorcycle demand and credit.