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Fly News Breaks for April 1, 2015
HPQ
Apr 1, 2015 | 06:29 EDT
Jefferies upgraded HP to Buy saying the stock offers "significant longer term value" as the company works through its planned split into two companies and free cash flow recovers. The firm expects HP's free cash flow to recover in both FY16 and FY17 as non-recurring items abate. It raised its price target for shares to $41 from $37.
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