Market Overview

Wells Fargo Securities Raises Valuation Range For Hewlett-Packard

Related HPQ
Citi Raises Price Target On Hewlett-Packard
Citigroup Out In Defense Of The PC Market
Making Money With Charles Payne: 11/25/14 (Fox Business)

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
Dec 2014CitigroupMaintainsBuy
Dec 2014Bank of AmericaReinstatesBuy
Oct 2014JefferiesInitiates Coverage onHold

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters