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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Hewlett-Packard Company on Good FCF

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In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on Hewlett-Packard Company (NYSE: HPQ), and raised its price target from $14.00 to $20.00.

BMO Capital Markets noted, “Though HPQ stock has increased approximately 20% YTD, we still believe investors continue to have a healthy amount of skepticism for the shares. Therefore, any inflection on the positive, regardless of the absolute trends, will likely be greeted with cheers rather than jeers. To be fair, the CFO and FCF were good on both a relative (compared with guidance) and absolute basis.”

Hewlett-Packard Company closed on Thursday at $17.10.

Latest Ratings for HPQ

DateFirmActionFromTo
Jan 2017UBSUpgradesNeutralBuy
Jan 2017GuggenheimInitiates Coverage OnNeutral
Nov 2016BMO CapitalMaintainsMarket Perform

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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