A number of stock research firms have changed their ratings and price targets for Hewlett-Packard (NYSE: HPQ) during the last seven days:

  • Hewlett-Packard had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $25.00 price target on the stock.
  • Hewlett-Packard had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..
  • Hewlett-Packard had its price target lowered by analysts at ISI Group from $34.00 to $26.00. They now have a “buy” rating on the stock.
  • Hewlett-Packard had its price target lowered by analysts at Mizuho from $20.00 to $17.00. They now have a “neutral” rating on the stock.
  • Hewlett-Packard had its price target lowered by analysts at Credit Agricole from $20.50 to $15.00. They now have an “underperform” rating on the stock.
  • Hewlett-Packard was given a new $10.00 price target on by analysts at Deutsche Bank.
  • Hewlett-Packard ‘s EPS estimates were cut by analysts at Sterne Agee. They now have a “buy” rating and a $21.00 price target on the stock.
  • Hewlett-Packard was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating. They wrote, “After HP’s Analyst Day where we saw another step down in EPS and a further push out in recovery of HP’s balance sheet and FCF, we are downgrading the stock to Neutral. We have clearly underestimated the scope of and time required for HP’s turnaround. While we found greater details provided by management on HP’s turnaround strategy and long-term growth expectation to be helpful, execution, timing, and company fundamentals are clearly more challenged than we originally assumed. Under this scenario, while valuation is attractive, it may not provide support and HP’s significant valuation discount will likely persist.”
  • Hewlett-Packard had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $18.00 price target on the stock.
  • Hewlett-Packard had its “underweight” rating reaffirmed by analysts at Evercore Partners.
  • Hewlett-Packard had its “neutral” rating reaffirmed by analysts at Credit Suisse.
  • Hewlett-Packard was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • Hewlett-Packard was downgraded by analysts at Sterne Agee from a “buy” rating to a “neutral” rating. They wrote, “After careful consideration, we are reluctantly downgrading our rating on HPQ. We are at a loss in identifying positive catalysts within a reasonable investment horizon and fear for further downside surprises as we believe the headwinds the company faces are likely structural and secular in nature. Also, in our sum-of-the-parts analysis, we see a bullish case scenario of $15 but more likely $10 taking into consideration a liquidity discount and decent return for a private equity buyer.”
  • Hewlett-Packard had its “sell” rating reaffirmed by analysts at UBS AG. They now have a $14.00 price target on the stock.
  • Hewlett-Packard is now covered by analysts at Citigroup. They set a “sell” rating and a $13.50 price target on the stock. They wrote, “We believe consensus EPS estimates are too aggressive for both 2013 and 2014. We believe the company is too optimistic in its PC & printing forecast of flat to up 1% through 2015 as we are concerned Lenovo will surpass HP as the #1 PC market share company and pressure HPs margins. We also fear HP will continue to lose more services opportunities given its heavy restructuring and management turnover. We see Lenovo aggressively moving into HP’s market. We note the stock is one of the weakest IT hardware performing stocks in 2012 with investor sentiment quite negative with short interest at all time levels so the sell rating may take a while for the stock keep going lower.”

Shares of Hewlett-Packard opened at 14.18 on Thursday. Hewlett-Packard has a one year low of $14.02 and a one year high of $30.00. The company’s market cap is $27.880 billion.

Hewlett-Packard Company (HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors.