Hewlett-Packard (HPQ) Message Board

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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 23.26

-0.8%

Dec 19 9:30 AM EST

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To: The Duke of URL© who wrote (2104)	11/6/2002 12:20:38 PM
From: Piotr Koziol	Read Replies (1) of 4345

Merrill raises Hewlett price target Wednesday November 6, 12:00 pm ET NEW YORK, Nov 6 (Reuters) - Merrill Lynch said analyst Steve Milunovich raised his price target on Hewlett-Packard Co. (NYSE:HPQ - News) to $20 from $17 on Wednesday. "We prefer Hewlett Packard over Lexmark (International Inc.(NYSE:LXK - News))," Milunovich told clients in a note. "Although we don't consider the investments mutually exclusive given the attractiveness of the printer market, the valuation gap between the two is near an extreme and favors Hewlett-Packard." Hewlett-Packard shares closed at $17.14 on Tuesday.

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