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Fly News Breaks for August 13, 2015
HPQ
Aug 13, 2015 | 07:19 EDT
Citi analyst Jim Suva says weakness in PCs, and to a lesser extent printing, may led to HP reporting Q3 revenue on August 20 that misses consensus expectations by up to 4%. However, with the stock underperforming the market by more than 10% since HP reported in late May, a miss is largely priced in, Suva tells investors in a research note. He lowered his estimates for FY15 but reiterates a Buy rating on HP. The analyst continues to view the stock's risk/reward as compelling into the company's break-up.