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Fly News Breaks for July 1, 2015
HPQ
Jul 1, 2015 | 07:27 EDT
Noting that HP's stock has dropped 6% in the last ten days, Wells Fargo blames the weakness on concerns about PC sales. However, the firm says that, based on its sum of the parts calculation, it believes that the shares are worth more than 50% above their current price, even if no value is assigned to the company's PC unit. It keeps an Outperform rating on the stock.