Why HP Stock Topped the Market Today

Investors were reassessing HP's (NYSE: HPQ) recently published fiscal third-quarter earnings report, and, given that the stock rose on Friday, it seems they've become more bullish on the company's prospects. This was helped by another in a series of post-earnings analyst price target hikes. The veteran tech hardware company's shares closed that trading session 3% higher, in contrast to the S&P 500 index's 0.2% decline.Well before market open that day, Barclays pundit Tim Long lifted his HP fair value assessment to $23 per share, notably up from his preceding $19. He's still a bear on the tech stock, however, as he maintained his underweight (i.e., sell) recommendation. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool