Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (3352)	12/30/1999 2:43:00 PM
From: William Partmann	Read Replies (1) \| Respond to of 4722

RESEARCH ALERT - Hewlett-Packard raised to $135 NEW YORK, Dec 30 (Reuters) - A.G. Edwards on Thursday raised its 12-month price target of Hewlett-Packard (NYSE:HWP - news) to $135 from $115. -- The accumulate rating is maintained. -- Shares of Agilent Inc. (NYSE:A - news), which is being spun off by No. 2 computer maker Hewlett-Packard, have risen from $42 to $72 over the last four weeks, which has accounted for approximately $11 of Hewlett-Packard's share appreciation, wrote analyst Shebly Seyrafi in a research note. -- Its sales of personal computers are expected to be strong due to the departure of International Business Machines Inc. (NYSE:IBM - news) and Packard Bell NEC, the U.S. personal computer operation of NEC Corp. from the U.S. retail market. -- Hewlett-Packard also turned its server business around in the later half of October and November, achieving double-digit sales growth and reversing disappointing sales in September and the first half of October. The upward trend is expected to continue. -- Shares of Hewlett-Packard were up 1-7/16 at 115-1/16 in trade on the New York Stock Exchange.