HP (HPQ) Shares Cut to Below Average at Caris

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May 17, 2011 3:49 PM EDT
Get Alerts HPQ Hot Sheet
Price: $30.11 -3.8%

Rating Summary:
    12 Buy, 23 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Caris & Co. just downgraded shares of Hewlett-Packard (NYSE: HPQ) from Average to Below Average and also reduced the stock's price target from $50 to $38.

The firm is responding to disappointing Q2 results and guidance from the company this morning and the resulting 8 percent slide in the stock Tuesday.

For more ratings news on Hewlett-Packard click here and for the rating history of Hewlett-Packard click here.

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