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Wells Fargo Securities Has Positive Outlook On Hewlett-Packard

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In a report published Thursday, 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 Wednesday at $33.25.

Latest Ratings for HPQ

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

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

 

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