Citi Reiterates 'Buy' Rating on Hewlett-Packard (HPQ) Ahead of Thursday's Earnings Report
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Citi reiterates a 'Buy' rating on Hewlett-Packard Co (NYSE: HPQ). Price target $64.
Citi analyst says, "We expect another clean beat when HPQ reports 2FQ08 results on Thursday. We are very comfortable with our Street-high revenue and EPS estimates of $28.2B and $0.88 and even see potential for several hundred million in additional revenue and $0.02-0.03 in additional EPS...We expect a modest bounce on the print, but see the shares as range-bound pending visibility into the trajectory of demand, components and the dollar."
Hewlett-Packard Company (HP), is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including in the public and education sectors. [SM]
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