UPDATE: Morgan Stanley Reiterates Underweight Rating, Removes PT on Harman International Industries as Honda Debuts Google Embedded System

In a report published Tuesday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating on Harman International Industries HAR, but removed the $47.00 price target. In the report, Morgan Stanley noted, “Honda debuted the next-gen Honda Connect infotainment system at the Paris Auto Salon late last week, the industry's first embedded system to run Android and likely the first product of Google's OAA alliance.” Harman International Industries closed on Monday at $98.07.