Wells Fargo lowered the firm’s price target on HP Inc. (HPQ) to $25 from $35 and keeps an Underweight rating on the shares. The firm cites weaker-than-expected Q2 results and reduced FY25 guide amid higher-than-expected tariff impacts on PSG operating margin. Wells highlights continued signs of muted PC demand and AI PC ASP uplift.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPQ:
- HP Inc. price target lowered to $27 from $30 at JPMorgan
- HP’s Strategic Positioning and Recovery Potential Justify Buy Rating Despite Macroeconomic Challenges
- HP Inc. price target lowered to $27.50 from $29 at Citi
- Hold Rating for HP Amidst Financial Challenges and Uncertain Market Conditions
- HP Inc. price target lowered to $28 from $36 at Barclays