Harman International Industries Inc. HAR, Ends day Down 4.93%
Harman International Industries Inc. HAR
Shares of stereo and audio-equipment maker Harman International Industries Inc. gained last Tuesday after JP Morgan started coverage with an "Overweight" rating, calling it an "under-followed fallen angel" with strong potential to grow revenue.
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Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems in the United States and internationally. The company’s Automotive segment designs, manufactures, and markets audio, electronic, and infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. It markets its products under various brands, including JBL, Infinity, Mark Levinson, Harman/Kardon, Logic 7, Lexicon, and Becker. This segment also markets personal navigation devices primarily in Europe. The company’s Consumer segment engages in the design, manufacture, and marketing of audio and consumer electronics for home, multimedia, and mobile applications under the AKG, Harman/Kardon, Infinity, JBL, and Mark Levinson brands.
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