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Fly News Breaks for May 25, 2017
HPE, HPQ
May 25, 2017 | 08:08 EDT
UBS analyst Steven Milunovich said HP Inc. (HPQ) posted a "breakthrough quarter" and is now growing faster than its spinoff, HP Enterprise (HPE). He said both printer and printer supplies revenues growth bottomed this quarter and with its stabilization, free cash flow will probably be at the top end of his estimate range of $2.6B. He is also kept optimistic by the eventual growth in A3 copying and 3D printing. Milunovich reiterated his Buy rating and raised his price target to $22 from $20 on HP, Inc. shares.