Harman Industries (HAR -4.3%) is one of the biggest decliners in the S&P 500 this morning,...


Harman Industries (HAR -4.3%) is one of the biggest decliners in the S&P 500 this morning, after Morgan Stanley initiates coverage with an Underweight. Morgan says that despite the company's strong product line, especially in automotive entertainment systems, the rise of personal smart devices poses a significant competitive threat to its "infotainment" offerings.

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