Morgan Stanley Has Positive Outlook for Hewlett-Packard Company

In a report published Thursday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating and $40.00 price target on

. In the report, Morgan Stanley noted, “Management meetings highlighted confidence in executing the separation into two units without meaningful disruption. However, M&A uncertainty remains a near-term headwind for share performance, with at least $12-16B of Enterprise acquisition capacity.” Hewlett-Packard Company closed on Wednesday at $36.87.