Business

Market Movers

Run-up in HP stock means ‘sell,’ firm says

HP is struggling to turn itself around as PC sales slump.

Justin Sullivan/Getty Images

HP is struggling to turn itself around as PC sales slump.

Advertisement

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.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com