Since our previous article on July 22 about Harman International Industries (HAR), the stock is up 22%. The company issued a great earnings report and gave guidance out to the 2016 fiscal year. We remain bullish and still think it's not too late for investors to get on board. Based on the company's revenue and earnings expectations, the company could easily trade north of $120 by the end of fiscal 2016.
Harman is the global leader in sound systems for luxury automobiles with an 80% market share. Its brands include AKG, Harman/Kardon, Infinity, Lexicon and Mark Levinson. More than 25 million automobiles on the road today are equipped with a sound system from Harman. The...
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