Harman weakness a buying opportunity, says RW Baird Baird views the weakness in Harmon a buying opportunity and calls it a Top Idea following Q2 results. The firm expects the second half of 2013 to represent an inflection in revenues and margin and believes the recent shortfall is due to margin compression from German automakers. Shares are Outperform rated and price target was lowered to $57 from $65.
Harman names 3D Systems CEO Avi Reichental to board of directors Harman (HAR) announced that Avi N. Reichental has been elected to the company’s Board of Directors effective April 1, bringing the size of the Board to 10 directors. Reichental is President and CEO of 3D Systems (DDD).