UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Hewlett-Packard Company
In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Hewlett-Packard Company (NYSE: HPQ ), but lowered its price target from $15.00 to $12.00. Credit Suisse noted, “While HP delivered on F4Q12 and FY12 EPS expectations, the near-term outlook remains challenged due to macro and secular factors.
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