Sterne Agee Maintains Neutral on Hewlett-Packard

Sterne Agee is out with its report today on Hewlett-Packard HPQ, maintaining Neutral. In its report, Sterne Agee writes, "We maintain our Neutral rating on HPQ as we are concerned with increased execution risk due to uncertainty surrounding its PC business as the company seeks for strategic alternatives including a spin-off or outright sale." At the time of posting, shares of HPQ were trading pre-market at $26.25, up 0.77% from Tuesday's close.