Hewlett-Packard (HPQ +3.5%) is “well-positioned for the transition to the cloud,” Jefferies'...

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

Hewlett-Packard (HPQ +3.5%) is “well-positioned for the transition to the cloud,” Jefferies' Peter Misek writes, upgrading the stock to Buy despite the possibility of slightly missing its numbers when it reports next Tuesday. Misek thinks H-P will enjoy improved operating margins in coming years based on having the "components of a full [cloud] stack." (earlier)