Market Overview

Wells Fargo Securities Raises Valuation Range For Hewlett-Packard

Share:
Related HPQ
HP Recalls 41,000 Batteries Due To Fire Risk
Credit Suisse: HP Is Very Attractive, Trading At Only 8 Times Earnings, With A 4 Percent Dividend

In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Hewlett-Packard (NYSE: HPQ).

In the report, Wells Fargo Securities noted, “We believe HP will likely deliver FY14 net income and free cash flow growth even absent revenue growth. While some secular headwinds persist, we believe several catalysts such as new products, mix shift benefit to margins and potential activism/divestitures/M&A could drive multiple expansion.”

Hewlett-Packard closed on Monday at $33.11.

Latest Ratings for HPQ

DateFirmActionFromTo
Feb 2016BarclaysMaintainsEqualweight
Feb 2016Deutsche BankMaintainsBuy
Feb 2016JP MorganMaintainsNeutral

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Maynard Um Wells Fargo SecuritiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (HPQ)

View Comments and Join the Discussion!