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Stock Market & Financial Investment News

News Breaks
January 31, 2014
08:04 EDTHARHarman price target raised to $118 from $96 at RW Baird
Baird raised its price target on Harman and said it remains a Top Idea following Q2 results. The firm cited its growing penetration of infotainment and rising market share, new contracts, and strong margins. Shares are Outperform rated.
News For HAR From The Last 14 Days
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August 4, 2015
18:03 EDTHARHarman CEO says Fiat Chrysler car hack was 'unique situation'
During the company's Q4 earnings conference call, Harman (HAR) CEO Dinesh Paliwal commented on the recent "hack" of a Fiat Chrysler (FCAU) Jeep vehicle, saying Chrysler has been "very proactive and they actually launched [a] software patch mid-July, before this event even came out... I've also heard Chrysler mentioning that model year 2016 cars would not even have any issue. They will have this structurally done already." Paliwal went on to say, "We believe based on our assessment with all other [customers]... that the Chrysler system is the only one exposed to this particular experimental hack. So, it's a unique situation." The CEO also added that "our backlog is still robust with Fiat Chrysler."
08:06 EDTHARHarman reports Q4 adjusted EPS $1.37, consensus $1.32
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