Monday, 6 March 2017

Barclays Capital Reiterates Standard Chartered PLC (LON:STAN) As “Underweight”; Has Price Objective Of GBX 575.00, Harman International Industries (HAR) Covered By 4 Bulls

The company have set TP of GBX 575.00 on Standard Chartered PLC (LON:STAN) shares. This is -22.73% from the previous close. In an analyst note sent to investors on Monday, 6 March, Barclays Capital reconfirmed their “Underweight” rating on shares of STAN.

Among 16 analysts covering Harman (NYSE:HAR), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Harman has $150 highest and $84 lowest target. $106.92’s average target is -4.17% below currents $111.57 stock price. Harman had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 5. The rating was initiated by Piper Jaffray on Friday, June 10 with “Neutral”. The rating was upgraded by Zacks to “Sell” on Monday, August 10. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The rating was initiated by Susquehanna with “Neutral” on Tuesday, December 22. William Blair initiated Harman International Industries Inc (NYSE:HAR) on Friday, November 13 with “Outperform” rating. The firm has “Buy” rating given on Monday, March 14 by Evercore. RBC Capital Markets maintained Harman International Industries Inc (NYSE:HAR) on Friday, January 29 with “Outperform” rating. FBR Capital maintained Harman International Industries Inc (NYSE:HAR) rating on Friday, August 5. FBR Capital has “Mkt Perform” rating and $90 target. The rating was initiated by Deutsche Bank with “Buy” on Wednesday, July 20. See Harman International Industries Inc (NYSE:HAR) latest ratings:

22/02/2017 Broker: Raymond James Old Rating: Outperform New Rating: Mkt Perform Downgrade
09/12/2016 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
16/11/2016 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Old Target: $103.00 New Target: $112.00 Downgrade
15/11/2016 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal Weight Old Target: $104 New Target: $111 Downgrade
15/11/2016 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade
15/11/2016 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade

Among 29 analysts covering Standard Chartered PLC (LON:STAN), 10 have Buy rating, 12 Sell and 7 Hold. Therefore 34% are positive. Standard Chartered PLC has GBX 1300 highest and GBX 300 lowest target. GBX 619.45’s average target is -16.77% below currents GBX 744.3 stock price. Standard Chartered PLC had 205 analyst reports since July 23, 2015 according to SRatingsIntel. Natixis maintained Standard Chartered PLC (LON:STAN) rating on Thursday, February 25. Natixis has “Neutral” rating and GBX 374 target. Bernstein maintained it with “Outperform” rating and GBX 1200 target in Sunday, October 4 report. Berenberg maintained the stock with “Buy” rating in Friday, May 20 report. BNP Paribas maintained the shares of STAN in report on Friday, November 18 with “Underperform” rating. Investec downgraded Standard Chartered PLC (LON:STAN) rating on Tuesday, February 16. Investec has “Hold” rating and GBX 460 target. HSBC downgraded it to “Hold” rating and GBX 650 target in Wednesday, August 17 report. The rating was maintained by BNP Paribas on Wednesday, July 20 with “Underperform”. On Friday, October 2 the stock rating was upgraded by KimEng to “Buy”. The firm has “Outperform” rating given on Thursday, February 9 by Bernstein. As per Friday, November 20, the company rating was maintained by Morgan Stanley.

Standard Chartered PLC is an international banking company. The company has market cap of 24.40 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It currently has negative earnings. The Company’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.

About 1.31M shares traded. Standard Chartered PLC (LON:STAN) has risen 16.77% since August 5, 2016 and is uptrending. It has outperformed by 6.95% the S&P500.

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.34, from 1.11 in 2016Q3. It is negative, as 87 investors sold Harman International Industries Inc shares while 161 reduced holdings. 94 funds opened positions while 97 raised stakes. 58.32 million shares or 5.47% less from 61.70 million shares in 2016Q3 were reported. Peddock Advsrs Limited Liability Corp accumulated 2,779 shares. Invesco Ltd stated it has 826,939 shares. Brown Advisory Inc invested in 0% or 3,670 shares. Aqr Cap Management Limited Co owns 211,566 shares. Dreman Value Management L L C holds 3,321 shares or 0.21% of its portfolio. Northern Trust accumulated 798,664 shares. 5,580 are held by Dumont Blake Investment Advisors Ltd Liability Com. Chevy Chase Holdings owns 58,652 shares for 0.03% of their portfolio. Commonwealth Bank Of Australia has 600 shares for 0% of their portfolio. Robeco Institutional Asset Mgmt Bv reported 922 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 14,196 shares or 0.02% of the stock. Covington Cap Management reported 3,025 shares. Lsv Asset Mgmt stated it has 61,350 shares or 0.01% of all its holdings. Gulf Interest Bank & Trust (Uk) Ltd invested 0.03% in Harman International Industries Inc (NYSE:HAR). Fmr has invested 0.01% in Harman International Industries Inc (NYSE:HAR).

Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The company has market cap of $7.80 billion. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. It has a 22.05 P/E ratio. The Connected Car segment designs, makes and markets connected car systems for vehicle applications.

Since September 10, 2016, it had 0 insider purchases, and 4 selling transactions for $2.17 million activity. 1,912 Harman International Industries Inc (NYSE:HAR) shares with value of $210,320 were sold by Santana Ralph. 886 shares valued at $72,852 were sold by Mauser Michael on Thursday, September 15. Shares for $970,812 were sold by Parker Herbert K.

It closed at $111.57 lastly. It is down 38.54% since July 28, 2016 and is uptrending. It has outperformed by 28.73% the S&P500.

The post Barclays Capital Reiterates Standard Chartered PLC (LON:STAN) As “Underweight”; Has Price Objective Of GBX 575.00, Harman International Industries (HAR) Covered By 4 Bulls appeared first on Stock Market News | HillCountryTimes | Get it Today.



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