Deutsche Bank Downgrades Harmon International (HAR) to Hold

November 16, 2016 6:50 AM EST
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Price: $109.95 +0.22%

Rating Summary:
    6 Buy, 10 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Deutsche Bank downgraded Harmon International (NYSE: HAR) from Buy to Hold with a price target of $112.

"We are raising our target to correspond with Samsung’s all cash offer of $112/share, which corresponds with 17x LTM earnings and 10x LTM EBITDA," said analyst Rod Lache.

For an analyst ratings summary and ratings history on Harmon International click here. For more ratings news on Harmon International click here.

Shares of Harmon International closed at $109.49 yesterday.



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