Market Overview

Wells Fargo Securities Has Positive Outlook On Hewlett-Packard

Related HPQ
Stocks To Watch For July 18, 2014
UPDATE: HP Announces Meg Whitman Appointed To Chair Board Of Directors, Pat Russo Appointed Lead Independent Director
Apple, IBM Enterprise Pact Faces Huge Challenges (Fox Business)

In a report published Thursday, 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 Wednesday at $33.25.

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

 

Most Popular

Related Articles (HPQ)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters