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Fly News Breaks for March 14, 2016
HAR
Mar 14, 2016 | 07:18 EDT
Evercore ISI analyst Arndt Ellinghorst upgraded Harman to Buy from Hold and revised his price target to $115 from $135 on shares. The analyst said gross margins are now a catalyst, fx exposure is now well understood, the Redbend acquisition and cyber security may prove to be a game changer, and Harman and Delphi are likely to dominate middle market where the next 50% of Infotainment penetration is coming from.
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