Collins Stewart is out with its report today on Hewlett-Packard HPQ, lowering its PT to $30 from $40.
In its report, Collins Stewart writes, "We move FY11 EPS to $4.82 (from $5.10) & FY12 to $5.00 (from $5.59). Our PT moves to $30 from $40, or 6x FY12 EPS due to uncertainty on the turnaround."
Collins Stewart maintains Neutral on HPQ.
At the time of posting, shares of HPQ were trading pre-market at $24.98, down 15.35% from Thursday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCollins StewartComputer HardwareInformation Technology
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