HP, Inc. (HPQ): Not As Good As Advertised - Jefferies

August 25, 2016 8:26 AM EDT
Get Alerts HPQ Hot Sheet
Price: $15.55 +2.84%

Rating Summary:
    13 Buy, 23 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
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Jefferies analyst, James Kisner, reiterated his Buy rating on shares of HP, Inc. (NYSE: HPQ) after Q3 results were strong driven largely by strong PC sales, but Q4 guidance was disappointing as HPQ aims to opportunistically drive sales of negative margin printing hardware units to drive future ink sales. The analyst believes HPQ shares will appreciate as the company delivers FCF targets and investors gain confidence in an improvement of the trajectory of PCs and Supplies.

The price target increases to $16.75 from $16.00.

For an analyst ratings summary and ratings history on HP, Inc. click here. For more ratings news on HP, Inc. click here.

Shares of HP, Inc. closed at $14.40 yesterday.



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