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Stock Market & Financial Investment News

News Breaks
January 7, 2013
06:57 EDTHARHarman upgraded to Outperform from Neutral at RW Baird
Baird expects Harman's revenue growth to accelerate and margins to improve due to a roll-off in legacy contracts, lower cost structure and revenue mix, and improving investor sentiment. Price target raised to $65 from $53.
News For HAR From The Last 14 Days
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January 29, 2016
07:25 EDTHARHarman selloff yesterday brings buying opportunity, says JPMorgan
JPMorgan analyst Ryan Brinkman calls the 13% post-earnings pullback yesterday in shares of Harman International an overreaction. The analyst expects growth in the company's core automotive infotainment operation to reaccelerate as soon as next quarter and for Harman to meet its FY16 outlook. Brinkman sees a buying opportunity at current share levels and keeps an Overweight rating on Harman. He cut his price target for the shares to $113 from $118.
January 28, 2016
08:04 EDTHARHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
08:03 EDTHARHarman reports Q2 EPS $1.84, consensus $1.72
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January 26, 2016
08:50 EDTHARHarman risk/reward favorable after pullback, says Pacific Crest
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