HP (HPQ): New Sell Recommendation for This Technology Giant
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In a report released today, Tim Long from Barclays maintained a Sell rating on HP, with a price target of $23.00. Long covers the Technology sector, focusing on stocks such as Apple, Celestica, and Corning. According to TipRanks, Long has an average return of 19.7% and a 60.77% success rate on recommended stocks. In addition to Barclays, HP also received a Sell from Morgan Stanley's Erik Woodring in a report issued yesterday. However, on the same day, Citi maintained a Hold rating on HP (NYSE: HPQ). Based on HP's latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $15.68 billion and a net profit of $661 million. In comparison, last year the company earned a revenue of $13.93 billion and had a net profit of $763 million Read More on HPQ: Disclaimer & Disclosure Report an Issue
