By Tiernan Ray
Shares of Hewlett-Packard (HPQ) are off 10 cents at $39.65 following the firm previous night announced its head of enterprise income and marketing and advertising, Thomas Hogan, is leaving to pursue other possibilities soon after 5 many years on the firm.
This morning, the HP bulls are clearly sad with all the advancement, though distinct analysts see diverse degrees of severity on the make a difference.
RBC Money Markets’s Amit Daryanani this early morning reiterates an Outperform rating on the shares and a $56 price target, writing that Hogan’s departure “may reignite investor concerns about management attrition at HP given the CEO transition,” but that,
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Keith Bachman with BMO Cash is less sanguine. Hogan was probably one of the candidates for the CEO spot at HP before Leo Apotheker took over final fall, and so this is mostly about Hogan being unfulfilled at HP,
Buy Windows 7 Professional, he believes. Still, Hogan was important to HP’s efforts: “Given concerns about PC and printer sustainable rev growth, we believe that the Enterprise division is very important for HP results over the next few many years,
Cheap Windows 7, and Tom had been helpful in driving results,” Bachman writes. “Nevertheless, we think Tom was an effective leader,
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Bachman,
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