JPMorgan lowered the firm’s price target on HP Inc. (HPQ) to $21 from $25 and keeps a Neutral rating on the shares as part of an earnings preview. The firm says investor sentiment “remains challenging” for the hardware and networking group. While the sector’s near-term results are likely to be “robust” due to pull-forward, the magnitude of share price upside is likely to be more” muted,” the analyst tells investors in a research note.
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