JPMorgan Downgrades Hewlett-Packard (HPQ) to Underweight, Cuts Price Target to $20

October 5, 2011 8:17 AM EDT Send to a Friend
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Price: $21.27 -0.42%

Rating Summary:
    6 Buy, 20 Hold, 12 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 35 | New: 23
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JPMorgan downgraded shares of Hewlett-Packard (NYSE: HPQ) to an Underweight rating from its previous rating of Neutral. The firm also reduced its price target from $42 to $20.00.

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 $23.02 yesterday, with a 52 week range of $21.50-$49.39.


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