HP Stock Said Undervalued As Company Approaches Split

By | April 1, 2015

Scalper1 News

Hewlett-Packard’s (HPQ) stock is undervalued heading into the PC maker’s split into two separate companies by October. So concludes James Kisner, an analyst for Jefferies, who in a research report Wednesday raised his rating on HP stock to buy from hold and hiked his price target to 41 from 37. HP stock rose a fraction Wednesday to 31.29, but it’s down 22% this year, hurt by a mixed earnings report in February. HP stock rose 43% last year and Scalper1 News

Scalper1 News