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Fly News Breaks for August 6, 2015
HAR
Aug 6, 2015 | 14:59 EDT
Wells Fargo said it expects Harman's below consensus FY16 EPS guidance to pressure the shares, but noted that the company's EBITDA guidance of $875M topped the consensus forecast of $847M, adding that the EBITDA view would have been higher except for the fact that the company is making incremental investments. The firm reiterates its Outperform rating on Harman shares.
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