Market Overview

Wells Fargo Securities Raises Valuation Range For Hewlett-Packard

Related HPQ
Fast Money Picks For August 26
S&P 500 Hits 2,000 Milestone As Bullish Momentum Continues
Good Time to Buy Avago Technology? (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.

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

 

Related Articles (HPQ)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters