UBS Starts Hewlett-Packard (HPQ) at Sell, Sees Continued Underperformance
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Price: $25.16 +1.70%
Rating Summary:
6 Buy, 21 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
6 Buy, 21 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade HPQ Now!
UBS initiates coverage on Hewlett-Packard (NYSE: HPQ) with a Sell. PT $16.00.
The firm said shares will underperform until investors are convinced that the company is not in secular decline.
UBS said a break-up into enterprise and end user companies would make sense, and the sum-of-the-parts could be worth $27-$34. They said it would be interesting in an activist investor like Carl Icahn or Bill Ackman became involved.
For an analyst ratings summary and ratings history on Hewlett-Packard click here. For more ratings news on Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $18.69 yesterday, with a 52 week range of $17.41-$34.00.
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The firm said shares will underperform until investors are convinced that the company is not in secular decline.
UBS said a break-up into enterprise and end user companies would make sense, and the sum-of-the-parts could be worth $27-$34. They said it would be interesting in an activist investor like Carl Icahn or Bill Ackman became involved.
For an analyst ratings summary and ratings history on Hewlett-Packard click here. For more ratings news on Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $18.69 yesterday, with a 52 week range of $17.41-$34.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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HPQ
UBS Fail on Aug 7, 2012 09:22 AMMark as Spam | Reply to this comment
These "new" insights are common knowledge, just another way to devalue HPQ without cause. Just more recycled material.