Gleacher & Co. Resumes Coverage on Hewlett-Packard (HPQ) with a Buy; Everything has a Price

September 27, 2010 11:07 AM EDT
Get Alerts HPQ Hot Sheet
Price: $14.58 -1.29%

Rating Summary:
    13 Buy, 23 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Gleacher & Co. resumes coverage on Hewlett-Packard (NYSE: HPQ) with a Buy rating. PT $50.

Gleacher analyst says, "We believe everything has a price, and $40 is the level where we get constructive on shares of HPQ. Tremendous negativity is already discounted into HPQ shares despite several positive catalysts looming on the horizon. Furthermore, within the context of our “Three-Legged Stool” analogy of enterprise infrastructure, we believe HPQ has the greatest room for improvement (i.e., upside leverage) vs. the competition (e.g., IBM (NYSE: IBM), Cisco (Nasdaq: CSCO) and Oracle (Nasdaq: ORCL))."

To see all the upgrades/downgrades on shares of HPQ, visit our Analyst Ratings page.

Shares are trading at $41.45, up $0.47 (+1.15%) this morning.

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