UPDATE: Auriga Lowers PT on Hewlett-Packard Company from $43 to $32

Auriga has published a research report on Hewlett-Packard Company HPQ lowering the price target. In the report, Auriga wrote, "Friday's sharp sell-off in HPQ shares inspired us to take a further look at the value that might be embedded in the current mess that is HP. We conducted a three-pronged scenario analysis which includes a base case where HP muddles forward, a bull case where maximum value is extracted, and a bear case where management mis-executes their way to obscurity." Auriga rated Hewlett-Packard a BUY with a price target lowered from $43 to $32. Hewlett-Packard closed Friday at $23.60.