Will This Price Target Increase Help Hewlett-Packard (HPQ) Stock Today?

Story updated at 9:55 a.m. to reflect market activity.

NEW YORK (TheStreet) -- UBS raised its price target for Hewlett-Packard (HPQ) to $37.25 from $34 Thursday.

Shares of HP gained 2.5% to $36.00 in morning trading.

The analyst firm reiterated its "neutral" rating for the PC maker. HP's EPS estimates are above consensus estimates, and the company can see multiple expansions according to UBS analysts.

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TheStreet Ratings team rates HEWLETT-PACKARD CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate HEWLETT-PACKARD CO (HPQ) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

You can view the full analysis from the report here: HPQ Ratings Report

HPQ Chart HPQ data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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