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Goldman Sachs Group Inc. downgraded Harman International Industries Inc (NYSE:HAR) to Neutral in a report released today.

Goldman Sachs Group Inc. has downgraded Harman International Industries Inc (NYSE:HAR) to Neutral in a report released on 12/1/2016.

Just yesterday Harman International Industries Inc (NYSE:HAR) traded 0.06% higher at $109.44. Harman International Industries Inc’s 50-day moving average is $91.59 and its 200-day moving average is $82.98. The last stock price is up 31.89% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,465,125 shares of HAR traded hands, up from an average trading volume of 1,203,680

Recent Performance Chart

Harman International Industries Inc (NYSE:HAR)

Harman International Industries Inc has 52 week low of $64.93 and a 52 week high of $110.85 with a PE ratio of 20.89 and has a market capitalization of $0.

In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $95.92 with 5 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Harman International Industries Inc (NYSE:HAR)

Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company's segments include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Connected Car segment designs, manufactures and markets connected car systems for vehicle applications. The Lifestyle Audio segment designs, manufactures and markets car audio systems. The Professional Solutions segment designs, manufactures and markets a range of audio, lighting, video and control, and automation solutions for entertainment and enterprise applications The Connected Services segment includes the operations of Symphony Teleca Corporation, Red Bend Ltd. and its automotive services businesses. Its brands include AKG, AMX, Crown, Infinity, JBL, Revel, Soundcraft and Studer.

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