Market Overview

UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Hewlett-Packard Company on Good FCF

Related HPQ
Brean Capital Analyst On What 3D Systems Investors Can Expect At CES
Citi Raises Price Target On Hewlett-Packard
Energy Sector Seen as Biggest Risk to Deal Flow in 2015 (Fox Business)

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Hewlett-Packard Company (NYSE: HPQ), and raised its price target from $14.00 to $20.00.

BMO Capital Markets noted, “Though HPQ stock has increased approximately 20% YTD, we still believe investors continue to have a healthy amount of skepticism for the shares. Therefore, any inflection on the positive, regardless of the absolute trends, will likely be greeted with cheers rather than jeers. To be fair, the CFO and FCF were good on both a relative (compared with guidance) and absolute basis.”

Hewlett-Packard Company closed on Thursday at $17.10.

Latest Ratings for HPQ

DateFirmActionFromTo
Dec 2014CitigroupMaintainsBuy
Dec 2014Bank of AmericaReinstatesBuy
Oct 2014JefferiesInitiates Coverage onHold

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (HPQ)

Around the Web, We're Loving...

Get Benzinga's Newsletters