HP by Goldman Sachs downgrade to "sell" the stock fell 5.19%

According to Reuters, Goldman Sachs recently the HP's stock rating lowered to "sell" and warning investors may overestimate the probability of a successful revival of the PC and printing business showed a decline in the company. Affected, HP shares fell 5.19 percent today to close at $ 22.10.

HP is in a restructuring phase that and CEO Meg • Whitman (Meg Whitman), said the restructuring will take years. The investment bank wrote in a research report, HP server and storage hardware sector is also struggling to cope with the fierce market competition.

Goldman pointed out that HP needs to allocate funds to re-invest in research and development from the current restructuring budget to profitability this fiscal year is likely to remain under pressure.

Goldman Sachs wrote, "Wall Street generally overestimated HP to turn around and success rate are wrong to conclude that the company's fundamentals have bottomed. Contrary, we believe that the earnings per share of Hewlett-Packard next few quarters may face downward."

HP troubled obviously been eroded as consumers increasingly turn to mobile devices, computers, ink cartridges and other printing supplies needs. Whitman is pushing the company to re-focus on corporate services, but in the field, it needs to face competition from technology giant IBM and Dell, as well as other IT providers.
Related: hp Pavilion DV7 series Battery  hp EliteBook 8540w Battery  hp ProBook 6540b Battery