HP shares likely to head higher-Barron's

NEW YORK, Feb 24 (Reuters) - Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) shares are likely to head higher even after their recent gains on the company's upbeat earnings report, financial weekly Barron's said in its latest edition.

Barron's quoted Goldman Sachs analyst David Bailey as saying HP's product and geographic diversification had placed it at the "right intersection of international, notebook and consumer."

Bailey's price target on HP shares, which closed on Friday at $47.40, is $59. (Reporting by Ritsuko Ando. editing by Gunna Dickson)