Market Overview

UPDATE: Deutsche Bank Reiterates Sell Rating, Lowers PT on Hewlett-Packard Company on EPS

Share:
Related HPQ
Analysts: Little Upside For Aruba Networks
Top Performing Industries For February 27, 2015
Can Hewlett-Packard Re-Invent Itself? (Investor's Business Daily)

In a report published Friday, Deutsche Bank reiterated its Sell rating on Hewlett-Packard Company (NYSE: HPQ), but raised its price target from $10.00 to $12.00.

Deutsche Bank noted, “Better than feared; but broad-based erosion continues. HP reported non-GAAP EPS of $0.82 on revs of $28.4B (vs. DB at $28.3B/ $0.71; Street at $27.9B/ $0.71). GMs of 22.3% and OMs of 7.9% were better than expected (DB at GMs of 21.0% and OMs of 7.0%) on the back of better printing margins, slower than expected Services contract losses and restructuring benefits. We remain cautious on HP's weak fundamentals, share loss, ongoing revenue erosion and challenging macro conditions. However, we raise our PT to $12 to reflect the improved balance sheet; maintain Sell”

Hewlett-Packard Company closed on Thursday at $17.10.

Latest Ratings for HPQ

DateFirmActionFromTo
Feb 2015CitigroupMaintainsBuy
Jan 2015Pacific CrestDowngradesOutperformSector Perform
Jan 2015Credit SuisseMaintainsOutperform

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (HPQ)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→