Goldman Sachs Cuts Price Target on HP (HPQ)
HPQ Hot Sheet
Rating Summary:8 Buy, 17 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Goldman Sachs lowered its price target on Hewlett-Packard (NYSE: HPQ) from $34 to $30 following the flurry on news Thursday including the divestiture the PC unit, lower guidance and the acquisition of Autonomy.
The firm said HP is facing more obstacles than they expected and lowered FY11-FY13 revenue forecasts by 1%-3% and our EPS estimates by 2%-8%.
For more ratings news on Hewlett-Packard click here and for the rating history of Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $29.51 yesterday, with a 52 week range of $28.64-$49.39.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
The firm said HP is facing more obstacles than they expected and lowered FY11-FY13 revenue forecasts by 1%-3% and our EPS estimates by 2%-8%.
For more ratings news on Hewlett-Packard click here and for the rating history of Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $29.51 yesterday, with a 52 week range of $28.64-$49.39.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Goldman Sachs Boosts Target on Williams-Sonoma (WSM) On Signs of Stabilization
- HP (HPQ) Shares Now Up 9+% from Close as Conference Call Underway
- Market Wrap: H-P Bests Views; Recap for Bankia; Morgan Stanley to Adjust Facebook Trades
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
