Pacific Crest Downgrades Hewlett-Packard To Sector Perform

Analysts at Pacific Crest downgraded Hewlett-Packard Company HPQ from Outperform to Sector Perform and removed the price target of $40.00. Hewlett-Packard shares have jumped 38.37% over the past 52 weeks, while the S&P 500 index has surged 10.30% in the same period. Hewlett-Packard's shares rose 0.50% to $40.12 in pre-market trading.