Brean Murray Reiterates Hold on Hewlett-Packard Co.

Brean Murray Carret & Co. maintains its Hold rating on Hewlett-Packard Company (NYSE: HPQ) as may factor weigh on FY12 outlook

BMC & Co comments, “While we had been expecting a “range” of $4.00 -$4.15 depending on investments across HP businesses to strengthen the portfolio, …HP's comments feel in the ball-park of “as anticipated.” The factors weighing on FY12 revenue and EPS include macro, Thailand flooding impact on drives, HP investments in R&D, services, and sales force, excess supplies inventory in the distribution channel, Yen, and increased hedging costs.”

HPQ closed at 26.86 per share on Monday.