Analysts: Hewlett-Packard Buybacks May Increase and 3 Other Research Notes to Browse
Hewlett-Packard (NYSE:HPQ): UBS lowered its 2014 fiscal year EPS estimate to $3.55 from $3.80 ahead of the October 9 analyst meeting on expectations that the third quarter will impact guidance. The analyst expects Meg Whitman to lower the bar and notes that she has backed off on prospects for revenue growth in the 2014 fiscal year. The firm expects buybacks to increase substantially and to boost the dividend by 10 percent. Shares are Neutral rated with a $24 price target, down from $26.