Evercore ISI analyst Amit Daryanani downgraded HP Inc. (HPQ) to In Line from Outperform with an unchanged price target of $29. The stock is trading around the firm’s price target and the firm needs to see a clear path to EPS and free cash flow estimates moving higher to see further upside, but views that as “unlikely to happen in the near-term given a host of cross currents,” the analyst tells investors.
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