Analysts Ranging Views On Hewlett-Packard's Q2 Results

Hewlett-Packard HPQ released second quarter earnings Thursday with analyst commentary rolling in on Friday.

Analysts have ranging views about Hewlett-Packard from very bullish to more bearish.

UBS: Neutral, $34 PT

Analyst Steven Milunovich saw that Hewlett-Packard coming in at expected levels was slightly disappointing and that their 1 percent year over year loss in revenue was also disappointing. However the target price raise comes off of the savings from restructuring.

Citi: Buy, $40 PT

Analyst Jim Suva is very high on Hewlett-Packard as it remains his top pick in IT hardware. He says that the savings from restructuring should position to the company well for continuing success.

Cantor Fitzgerald: Hold, $30 PT

Analyst Brian J. White sees that "sub-par" quarter, another restructuring initiative, and an increase in headcount reduction does not bode well for Hewlett-Packard and that he questions how competitive their portfolio is.

Shares of Hewlett-Packard have been trading up 6.73 percent to $33.92 at last checked trade in response to analyst commentary and the second quarter earnings.