Citigroup Adds Hewlett-Packard to US Focus List (HPQ)

Citigroup Adds Hewlett-Packard to US Focus List (HPQ)

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On Tuesday, Citigroup announced that it has added technology company Hewlett-Packard Company (HPQ) to its US Focus List.

The firm has maintained a “Buy” rating on HPQ, and has given the company a $32 price target. This price target suggests a 16% increase from the stock’s current price of $26.74.

Analyst Jim Suva sees the company beating estimates when it releases its third quarter results. Suva also sees HPQ coming at least in line with estimates in 2014.

Hewlett-Packard shares were up 38 cents, or 1.42% during pre-market trading Tuesday. The stock is up 88% YTD.

The Bottom Line

Shares of Hewlett-Packard Company (HPQ) have a 2.17% yield based on Monday’s closing price of $26.74.

Hewlett-Packard Company (HPQ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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