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Wells Fargo Securities Raises Valuation Range For Hewlett-Packard

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In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Hewlett-Packard (NYSE: HPQ).

In the report, Wells Fargo Securities noted, “We believe HP will likely deliver FY14 net income and free cash flow growth even absent revenue growth. While some secular headwinds persist, we believe several catalysts such as new products, mix shift benefit to margins and potential activism/divestitures/M&A could drive multiple expansion.”

Hewlett-Packard closed on Monday at $33.11.

Latest Ratings for HPQ

DateFirmActionFromTo
Apr 2017BarclaysUpgradesEqual-WeightOverweight
Apr 2017CitigroupUpgradesNeutralBuy
Mar 2017Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Maynard Um Wells Fargo SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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