SG Cowen Cuts Rating on Hewlett-Packard to Buy

Analyst Richard Chu says H-P's Q1 earnings were cushioned by the company's sales mix and expense cuts

Hewlett-Packard (HWP ) sees $0.35-$0.40 EPS for Q1 on low-to-mid-single digit revenue growth. SG Cowen downgraded its opinion on the shares to buy from strong buy.

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