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Harman International Industries, Incorporated Message Board

  • sidly1 sidly1 Mar 9, 2012 11:11 AM Flag

    Don't look now but Morgan Stanley...

    Morgan Stanley initiated coverage of HAR with an underweight and a $40 price target - way below current price.

    BUT, if you look at earnings estimates (which now include Morgan Stanley's), they are actually HIGHER for this year and next year.

    Why are they talking down the stock while at the same time acknowleging that earnings are goign to be stellar??? You guessed it.

 
HAR
133.63-2.81(-2.06%)Mar 31 4:03 PMEDT