Morgan Stanley Comments on Hewlett-Packard

Morgan Stanley has published a research report on Hewlett-Packard HPQ lowering estimates for the computer company. In the report, Morgan Stanley wrote, "As we published in a Jan 3, 2011 note, we believe HP is better served looking for strategic alternatives for the low margin PC business and refocusing its efforts on the enterprise. However, several concerns will make it difficult for the stock to work in the near-term." Morgan Stanley rated Hewlett-Packard an Equal-weight with no price target given. Hewlett-Packard closed Thursday at $29.51.