Harman International Industries Incorporated (HAR) Receives Price Target

Harman International Industries Incorporated (HAR) : The most positive equity analysts on Harman International Industries Incorporated (HAR) expects the shares to touch $122, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $91.89 with an expected fluctuation of $18.74 from the mean.

Harman International Industries Incorporated (HAR) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In the latest statement by the brokerage house, Baird downgrades its outlook on Harman International Industries Incorporated (NYSE:HAR). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 5, 2016.

Harman International Industries Incorporated (NYSE:HAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.00 and $83.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.82, notching a gain of 0.15% for the day. The total traded volume was 990,757 . The stock had closed at $84.69 on the previous day.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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