Citing strong PC sales and Intel’s (INTC) first-quarter report, Collins Stewart today upped its Hewlett-Packard (HPQ) price target to $65 from $60.
In a note to clients, analyst Louis Miscioscia writes “we believe trends are even better than we’d thought previously.” Miscioscia now sees fiscal 2010 EPS of $4.55 with revenue of $124 billion, up from $4.46 and $123 billion.
HP shares are down 78 cents, or 1.4%, today to $53.74.
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