Barclays Downgrades Hewlett-Packard To Equal-weight

Analysts at Barclays downgraded Hewlett-Packard Company HPQ from Overweight to Equal-weight. The price target for Hewlett-Packard has been lowered from $42 to $35. Hewlett-Packard shares have surged 12.80% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Hewlett-Packard shares fell 0.83% to $32.34 in pre-market trading.