Citigroup reiterates its Buy rating and ups the price target to $32 following last night's FQ4 results. Valuation, negative investor sentiment, growing earnings, and entry into the 3D printing business are the reasons cited for the lift.
Needham's Richard Kugele after boosting his EPS estimates: "The company did not ignore the weakness that has crept into emerging markets (such as China), but by focusing on the areas still in their control, they were able to outperform."
Evercore removes its Sell rating on the stock and lifts the price target to $25 from $20.
HPQ +6.3% premarket