J.P. Morgan Comments On Hewlett-Packard Growth Strategy

In a report published by J.P. Morgan, Hewlett-Packard's HPQ summit ushers in measured growth strategy and also a multi-year EPS roadmap.

J.P. Morgan said that yesterday, Overweight-rated HP hosted its HP Summit, focusing on the long-term growth strategy. “We think there were enough incremental data points to start restoring investors' interest in the stock. A full recovery in the valuation will take time, though, due to end market challenges and lingering questions related to the quality of EPS growth potential.”

Hewlett-Packard closed yesterday at $41.49.