A 25 percent increase in just the past month or so in the value of Hewlett-Packard Co.’s shares amounts to an “early holiday gift” that “investors should take advantage of,” says Topeka Capital, according to a Dow Jones report on Tuesday. Topeka, however, has downgraded the maker of personal computers to “sell,” with an $11.50 price target. The stock has been helped recently by short-covering after investors this year turned against the company, the firm said.
Run-up in HP stock means ‘sell,’ firm says
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week