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HPQ Upgraded Ahead of Earnings

By Market News Video Staff, Monday, November 22, 2:45 PM ET

Hewlett-Packard (NYSE:HPQ) was upgraded today by Wedbush, to outperform, in advance of its earnings report after the bell today.

Wedbush said it expects the company to beat consensus estimates of $1.27 per share for the quarter, and hiked its target to $1.29.

The firm raised it price target on HP to $50, from $46.

Shares are trading up 1.15% ahead of earnings.

HP is 17.32% of the Internet Architecture HOLDRS (IAH) fund, trading down 0.3% today.

Ahead of HP in the holdings is IBM (NYSE:IBM), at 34.85% of the fund, and Apple (NASDAQ:AAPL), 22.9% of the fund.

Cisco Systems (NASDAQ:CSCO) is 9.63% of the fund, and EMC (EMC) is 6.43%.

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