BMC Reiterates Hold on Hewlett-Packard

BMC reiterated its Hold rating on Hewlett-Packard (NYSE: HPQ) after the company announced its latest round of organizational changes. In a research report published today, BMC stressed its belief that the company's restructuring process has some way to go, thus reaffirming its position on the company's long term outlook.

On Monday, Hewlett-Packard lost 1.37% of its value to close the day at $34.65. The company's shares regained some of yesterday's losses in today's pre-market trading, however, rising 0.32% to $34.76.