BMC Reiterates Hold on Hewlett-Packard

BMC reiterated its Hold rating on Hewlett-Packard HPQ after the company's CEO announced Hewlett-Packard will repurchase at least $3 billion of its shares in the July quarter. On Thursday, Hewlett-Packard lost 0.56% of its value to close the day at $36.42. Its shares regained some of yesterday's losses, however, rising 0.15% to $36.48.