UPDATE: Bank of America Cuts PO to $14 on Hewlett-Packard on FQ1 Outlook

Bank of America reiterated its rating on Hewlett-Packard (NYSE: HPQ ) and lowered its price objective to $14 per share. Bank of America said, "Looking beyond HP's in-line F4Q12 results, a sharp 40% Q/Q drop in F1Q13 EPS implied by HP's outlook ($0.68-0.71 vs. our/Street prior $0.84/0.86) suggests