Posts Tagged ‘GE’

When Will Analysts Learn?

August 20th, 2010

HEADLINE ON HEWLETT-PACKARD

Hewlett-Packard (HPQ: $39.72, $-1.0400,-2.55%) is down after Morgan Stanley (MS) says the company needs more aggressive buybacks to boost shares, Bloomberg reports. Morgan Stanley cut its price target to $56 from $62.

If this is a true representation as to how this analyst feels, it speaks poorly as to the state of current day security analysis.

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