Harman could benefit from improved car sales-Barron's


NEW YORK, May 30 (Reuters) - Audio product maker Harman International Industries Inc shares could rebound to the $50 range by 2011 if an expected pick-up in vehicle sales comes through, business weekly Barron's reported. Shares of the Stamford, Connecticut-based company, whose biggest customers are high-end automakers, are trading at $32.30 on the New York Stock Exchange. They sank 20 percent in May when company executives indicated long-term growth could slow. In light of the forecast, ...

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