Market Overview

UPDATE: Morgan Stanley Reiterates on Hewlett-Packard Following Margin Recovery

Share:
Related HPQ
3D Printing ETF Can Print A Rebound
Fast Money Traders Share Their Thoughts On Miners, Ambarella, Viacom, Transport And HP
Don't Tune Out Stocks During Thanksgiving Week: Investing Action Plan (Investor's Business Daily)

In a report published Thursday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating on Hewlett-Packard (NYSE; HPQ), and raised the price target from $34.00 to $36.00.

In the report, Morgan Stanley noted, “We raise our FY15-16 EPS estimates above consensus on the back of a margin recovery in Enterprise Services. We assume HP achieves the midpoint of its target margin range (7-9%) in FY16, which is still below CSC's 9% in 2014, the company's closest peer. This is despite HP's slightly more favorable revenue mix and similar restructuring initiatives. We increase our price target to $36 from $34, which implies 9x FY15 EPS of $4.05.”

Hewlett-Packard closed on Wednesday at $32.72.

Latest Ratings for HPQ

DateFirmActionFromTo
Nov 2017Wells FargoReinstatesOutperformMarket Perform
Oct 2017CitigroupMaintainsBuy
Oct 2017Bank of AmericaMaintainsBuy

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (HPQ)

View Comments and Join the Discussion!

Partner Center