Zacks Investment Research downgraded shares of HARMAN INTL IND (HAR) from NEUTRAL to UNDERPERFORM on December 26, 2012, with a target price of $41.80.
Harman International Industries, Incorporated is a leading manufacturer of high-quality, high-fidelity audio products and electronic systems for the automotive, consumer and professional markets. Harman International is a worldwide leader in the manufacture of high-quality, high-fidelity audio and electronic products for automotive, consumer and professional use. The company's legendary brands have taken a leading role in the creation and innovation of progressive technologies, from the world's first car radio to today's most revolutionary infotainment systems. Our commitment to quality and innovation can be found everywhere, from theaters and stadiums to homes and automobiles, and continues to redefine the boundaries of technology and entertainment. Through internal development and a series of carefully selected acquisitions, they have built up a broad range of renowned brands and products in our principal markets, and a substantial and experienced digital engineering capability.
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