Hewlett-Packard Rises as Cash Return Anticipated
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Hewlett-Packard Co. rose to the highest price in 10 months after Morgan Stanley upgraded the shares, citing the potential for the company to return more cash to investors.
The shares advanced 2.9 percent to $22.83 at the close in New York, the highest since May 14. The stock has gained 60 percent this year, compared with an 8.8 percent increase for the Standard & Poor’s 500 Index.