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Fly News Breaks for June 4, 2015
HPQ
Jun 4, 2015 | 12:28 EDT
After attending HP World, Brean Capital said it left thinking there is more opportunity for long-term consolidation in PCs, printing, enterprise and services and that ongoing cost savings efforts leave "a lot more room" beyond the $1B HP identified on its earnings call. The firm added that it believes HP will hold an analyst event in September, at which it expects the company to give guidance on its post-split view on FY16. Brean has a Buy rating and $45 price target on HP shares.
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