UPDATE: Bank of America Merrill Lynch Upgrades Hewlett-Packard

In a report published Thursday, Bank of America Merrill Lynch analyst Scott Craig upgraded Hewlett-Packard (NYSE: HPQ ) to Buy from Neutral, raising its price objective to $39.00 from $29.00. According to the report, the analysts believe that the story that held in 2013 will continue, creating déjà vu