UBS Remains Sidelined on HP, Inc. (HPQ) Following 3Q - PT to $14

August 25, 2016 8:45 AM EDT
Get Alerts HPQ Hot Sheet
Price: $13.93 +0.94%

Rating Summary:
    14 Buy, 22 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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UBS reiterated a Neutral rating on HP, Inc. (NYSE: HPQ), and raised the price target to $14.00 (from $12.00), following the company's 3Q earnings report.

Analyst Steven Milunovich commented, "We have not been recommending the stock as every quarter it seems like the outlook is a touch weaker. However, the stock is up 21% this year thanks to the low multiple and high dividend. Despite the messiness of figuring out printer supplies trends, the PC business is performing well and costs are coming out as expected. EPS of $0.48 beat though F4Q was disappointing. Our EPS estimates are $1.61 in F16 and $1.65 in F17."

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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