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ISI Group Reiterates Neutral Rating on Hewlett-Packard Company Following Conference Call

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In a report published Wednesday, ISI Group analyst Brian Marshall reiterated his Neutral rating on Hewlett-Packard Company (NYSE: HPQ).

In the report, Marshall noted, “We hosted a conference call today with HPQ's Bethany Mayer (SVP and GM, Networking) to gather insight on HP Networking (HPN), one of the company's higher growth and most attractive enterprise assets (e.g., 13 consecutive quarters of growth, clear #2 market share position, etc.), in our view. Recall during HPQ's earnings conference call last month (2/21), HPN was singled out as an area of expected strength vs. declines anticipated in most other divisions. In our view, under Ms. Mayer's direction, HPN continues to execute well and is solidly positioned to gain share and intersect networking industry trends (e.g., software-defined networking [SDN], converged infrastructure, etc.).”

Hewlett-Packard Company closed on Tuesday at $21.40.

Latest Ratings for HPQ

DateFirmActionFromTo
Jan 2015Pacific CrestDowngradesOutperformSector Perform
Jan 2015Credit SuisseMaintainsOutperform
Dec 2014CitigroupMaintainsBuy

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Reiteration Analyst Ratings

 

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