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Fly News Breaks for May 25, 2017
HPQ
May 25, 2017 | 08:12 EDT
Bernstein analyst A.M. Sacconaghi, Jr says that HP posted "good" Q1 results. The analyst thinks that the company's fiscal 2017 free cash flow and EPS guidance are conservative. Sacconaghi says that HP's valuation "is no longer compelling" and thinks that the company will have difficulty growing its revenue over the longer term. However, the analyst keeps a $21 price target and Outperform rating on the stock.
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