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Financial News Network
June 14, 2011 AT 11:06 PM
A unit of Hewlett-Packard (NYSE:HPQ), HP Enterprises Services, announced Avista has signed a seven-year technology and applications outsourcing renewal agreement to help with its ongoing transition into a digital utility.Hewlett-Packard has a potential upside of 28.6% based on a current price of $34.65 and an average consensus analyst price target of $44.55.Hewlett-Packard is currently below its 50-day moving average (MA) of $39.06 and below its 200-day MA of $41.94.