Brokerage Firm Rating Update on Harman International Industries Incorporated (HAR)

Harman International Industries Incorporated (HAR) : 12 analysts are covering Harman International Industries Incorporated (HAR) and their average rating on the stock is 2.17, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Harman International Industries Incorporated (HAR) : 9 Wall Street analysts covering Harman International Industries Incorporated (HAR) believe that the average level the stock could reach for the short term is $91.89. The maximum price target given is $122 and the minimum target for short term is around $60, hence the standard deviation is calculated at $18.74.


For the current week, the company shares have a recommendation consensus of Buy. Also, Baird downgrades their rating on the shares of Harman International Industries Incorporated (NYSE:HAR). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 5, 2016.

Harman International Industries Incorporated (NYSE:HAR): The stock opened at $85.65 and touched an intraday high of $86.985 on Wednesday. During the day, the stock corrected to an intraday low of $85.56, however, the bulls stepped in and pushed the price higher to close in the green at $86.96 with a gain of 1.60% for the day. The total traded volume for the day was 528,082. The stock had closed at $85.59 in the previous trading session.

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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