Hewlett-Packard (HPQ) Price Target Raised to $50 at Credit Suisse

Credit Suisse reiterated an Outperform rating and raised its price target on Hewlett-Packard (NYSE: HPQ) to $50.00 (from $45.00) citing multiple paths to drive upside.

Analyst K. Garcha noted stabilizing operations, scope of predictable cash distribution, conservative guidance and steep undervaluation.

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 $39.57 yesterday.

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