Market Overview

UPDATE: Credit Suisse Raises PT to $20 on Hewlett-Packard on Solid Quarter

Share:
Related HPQ
The PC Market Is Still Shrinking, But New Data Is Not As Poor As Some Expected
Wall Street Undervalues Hewlett-Packard Because Of Future Cash, Jefferies Argues
The Vetr community has downgraded $HPQ to 4-Stars (Vetr)

Credit Suisse maintained Hewlett-Packard (NYSE: HPQ) with a Neutral rating and raised the price target from $12.00 to $20.00.

Credit Suisse noted, "HP exceeded our revenue and EPS expectations for the quarter. The EPS beat was driven by better top line and execution on margins. In the context of a strong 1Q, we believe full year EPS guidance could prove conservative, and with $6.5bn/$7.5bn of FCF in FY13/FY14, the company is coming close to stabilizing operations. We raise our FY13/FY14 EPS estimates by 4%/2% to $3.56/$3.78, respectively, and increase our target price to $20 (from $12), while retaining our Neutral rating."

Hewlett-Packard closed at $17.10 on Thursday.

Latest Ratings for HPQ

DateFirmActionFromTo
Apr 2015JefferiesUpgradesBuy
Mar 2015JefferiesMaintainsHold
Mar 2015CitigroupMaintainsBuy

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (HPQ)

Around the Web, We're Loving...