Hewlett-Packard (HPQ) Estimates Cut

A Friedman Billings Ramsey (FBR) analyst is modestly trimming HPQ revenue and EPS estimates for 4Q08 and FY09. His cutting estimates on HPQ is based on continuing downward revisions to the 2H08 notebook PC build forecast and related to the face of weak data out of Taiwan. FBR reiterates OUTPERFORM on Hewlett-Packard (HPQ), target price $60.

Regarding to the chart below, you should consider to buy HPQ when its price touches the support line around $40 or less.






Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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