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Zacks Investment Research downgraded Harman International Industries Inc (NYSE:HAR) to Sell in a report released today.

Zacks Investment Research has downgraded Harman International Industries Inc (NYSE:HAR) to Sell in a report released on 10/5/2016.

Previously on 08/05/2016, Deutsche Bank reported about Harman International Industries Inc (NYSE:HAR) raised the target price from $94.00 to $103.00. At the time, this indicated a possible upside of 0.18%.

Yesterday Harman International Industries Inc (NYSE:HAR) traded 1.56% higher at $84.78. The company’s 50-day moving average is $83.96 and its 200-day moving average is $80.50. The last closing price is up 5.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 729,258 shares of the stock were exchanged, down from an avg. volume of 805,340

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 $112.68 with a PE ratio of 16.94 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $95.92 with 5 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 3 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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