Avery Schumer
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Avery Schumer in Insider trading,

How Credit Suisse Is Playing Hewlett Packard Now

Hewlett-Packard Company  shares have lost 34 percent year-to-date, and are trading at the low end of their 52-week range of $24.30 - $41.10.

Credit Suisse’s Kulbinder Garcha initiated coverage of the company with an Outperform rating and a price target of $19.

Despite an expected decline in the printing market, the company may be able to offset the impact with its multi-faceted strategy, Garcha mentioned.