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SMF Blogs > Stock Upgrades & Downgrades > March 2009 > HPQ Hewlett-Packard upgraded to Buy at Argus

HPQ Hewlett-Packard upgraded to Buy at Argus

 

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Argus upgrades HPQ to Buy from Hold. The firm believes that while the weak economy is not improving H-P's growth prospects, the firm expects the co to benefit from cost reductions over the next few quarters.

The firm also looks for gains from the EDS acquisition as outsourcing businesses tend to perform well during tough times. The firm notes that the shares are trading at a slight discount to peers, and they believe that they are attractive at current levels.


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Posted: 3/4/2009 7:45:34 AM by StockMarketFunding | with 0 comments


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