HP Said To Show Some Progress, Price Target Hiked

By | April 3, 2014

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Hewlett–Packard (HPQ) is showing some progress in its turnaround, though growth struggles remain. On Thursday, Amit Daryanani, an analyst for RBC Capital Markets, raised his price target on the computer products and services company from 33 to 36, saying he expects improving operating margin and sees the company making inroads in emerging growth areas of technology. He maintained a sector perform, or hold, rating on the company. HP stock was down Scalper1 News

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