Citigroup Maintains Buy Rating On Hewlett-Packard Company (HPQ)

Analysts Richard Gardner and Kent Schofield at Citigroup have released an update on Hewlett-Packard Company HPQ. Analysts met with HP’s Imaging and Printing (IPG) management in San Diego. In the meeting, IPG management outlined its strategy for sustained growth beyond current recovery, with core distributed inkjet and laser printer growth driven by emerging markets and share gains and non-core growth driven by managed print services (MPS), Commercial/Graphic Arts, retail kiosks and minilabs. Following the meeting, analysts at Citigroup have maintained their Buy rating and $65 price target for Hewlett-Packard Company.