HP Inc. price target lowered to $16 from $18 at Barclays

Barclays lowered the firm’s price target on HP Inc. (HPQ) to $16 from $18 and keeps an Underweight rating on the shares. The company’s fiscal Q1 beat slightly driven by the Windows 11 refresh and AI momentum, but its margins missed again, the analyst tells investors in a research note. The firm says memory cost pressure along with PC and printer industry declines are likely to pressure HP’s margins further.