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Enter Symbol:
Rating: HPQ

Hewlett-packard Company (NYSE: HPQ) downgraded to Hold by Needham

Wednesday,  Nov 25, 2015  8:25 AM ET by Lynn Gilbert

Needham downgraded Hewlett-packard Company (NYSE: HPQ) to Hold. Previously, Needham
rated Hewlett-packard Company (NYSE: HPQ) to Buy with price target $14.50 on 11/02/2015, when the stock price was valued at $12.41.

Hewlett-Packard Company is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including the public and education sectors. Its offerings span personal computing and other access devices; imaging and printing-related products and services; enterprise information technology infrastructure, including enterprise storage and server technology and software that optimizes business technology investments, and multi-vendor customer services, including technology support and maintenance, consulting and integration and outsourcing services, as well as application services and business process outsourcing. During the fiscal year ended October 31, 2008, its operations were organized into seven business segments: Enterprise Storage and Servers, HP Services, HP Software, the Personal Systems Group, the Imaging and Printing Group, HP Financial Services and Corporate Investments.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.

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