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.
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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
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