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Fly News Breaks for August 25, 2016
HPQ
Aug 25, 2016 | 07:52 EDT
Deutsche Bank analyst Sherri Scribner said HP Inc. management is doing well reducing the company's costs, improving its cash returns, and gaining share in a challenging market, which are all trends she expects to continue. Given HP's dividend, capital returns, and free cash flow, she views the valuation of its shares as attractive and sees the post-earnings selloff in the stock as a buying opportunity. The firm keeps a Buy rating and $15 price target on HP Inc. shares, which are down over 7% to $13.37 in pre-market trading.
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