Market Overview

Wells Fargo Securities Raises Valuation Range For Hewlett-Packard

Share:
Related HPQ
Maxim Starts Hewlett-Packard At Hold, Prefers HP Inc. To HP Enterprise
HP Release Offers Details of Complementary Products for Windows 10
HP Board Declares Regular Dividend (GuruFocus)

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
Jul 2015Maxim GroupInitiates Coverage onHold
May 2015Cross ResearchUpgradesHoldBuy
Apr 2015JefferiesUpgradesBuy

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)

Get Benzinga's Newsletters