Harman International Stock Has 20% Upside
By Jack Hough
Perhaps “kicking the tires” should now be referred to as “poking the apps.” In a survey of drivers last year, McKinsey found that 37% would switch car brands for better access to software applications, data, and media. That’s up from 20% in 2014. In China, the world’s largest car market, the figure is 60%.
That helps explain why, last year, longtime shareholders of Harman International Industries (ticker: HAR), the market leader in infotainment systems, briefly saw paradise by the dashboard light. The stock topped $145,...
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