Hewlett-Packard (HPQ) Estimates Trimmed at Jefferies on 'Mixed' Q4

Jefferies analyst James Kisner reiterated a Hold rating and $38 price target on Hewlett-Packard (NYSE: HPQ) while lowering estimates following mixed Q4 results. While they like the split, they aer waiting for a better entry point.

Kisner commented, "HP reported mixed FQ4 results and provided mildly disappointing guidance. We generally support HP's split into two companies and see potentially un-captured value on a sum-of-the-parts basis. However, we are inclined to look for another entry point."

The firm lowered Q1 EPS from $0.93 to $0.91, FY 2015 EPS from $4.01 to $3.95 and FY 2016 EPS from $4.17 to $4.14

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 $37.63 yesterday.

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