Hewlett-Packard (HPQ +1.3%) is upgraded at Pacific Crest, which asserts that the risk/reward in...

|About: HP Inc. (HPQ)|By:, SA News Editor

Hewlett-Packard (HPQ +1.3%) is upgraded at Pacific Crest, which asserts that the risk/reward in the stock is now in balance after big Street estimate cuts. H-P still enjoys a central role in IT, based on a CIO survey showing 49% plan to increase spending on HP’s wares in 2012 as a percentage of their budgets. Plus, there's faith in Meg Whitman's turnaround ability.