Market Overview

Wells Fargo Sees Strength In Hewlett-Packard, Driven By IT & Printing Demand


In a report issued on Monday, Wells Fargo previewed Hewlett-Packard Company (NYSE: HPQ) for the 2015 fiscal year. Wells Fargo rates Hewlett-Packard as Outperform with a price target range of $46.00-$49.00.

Analysts at Wells Fargo wrote, "We expect PC share gains in particular, as well as strength in transactional year-end IT demand (servers) and solid printing demand to drive revenue. Transactional strength may also help cash flow and we continue to believe there is scope for upside potential to management's FY guidance of $6.5-$7.0 Billion."

In the report, Wells Fargo discussed three reasons why they believe Hewlett-Packard is attractively valued:

  1. Potential expansion from the bottoming of legacy businesses.
  2. Increased shareholder value due to their upcoming corporate split.
  3. Laser printing strength driven by color and multi-function printers and managed printer service along with recent struggles in rival Lenovo Group Limited.

Shares of Hewlett-Packard recently traded at $38.11, down 0.73 percent.

Latest Ratings for HPQ

Nov 2019MaintainsEqual-Weight
Oct 2019DowngradesNeutralSell
Oct 2019DowngradesBuyHold

View More Analyst Ratings for HPQ
View the Latest Analyst Ratings

Posted-In: Wells FargoAnalyst Color Analyst Ratings


Related Articles (HPQ)

View Comments and Join the Discussion!

Latest Ratings

SIVBMaxim GroupMaintains300.0
VIACMorgan StanleyReinstates42.0
APDBMO CapitalMaintains275.0
OIDeutsche BankMaintains15.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at