UBS Remains Sidelined on HP, Inc. (HPQ) Following 3Q - PT to $14
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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."
Shares of HP, Inc. closed at $14.40 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesUBS, Earnings
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