Morgan Stanley lowered the firm’s price target on HP Inc. (HPQ) to $26 from $29 and keeps an Equal Weight rating on the shares. The FY25 guide-down reflects the impact of tariffs, execution, and management conservatism, which likely leaves shares in “the penalty box” despite a “cheap” valuation, the analyst tells investors. The lack of a positive company-specific catalyst keeps the firm on the sidelines, the analyst added.
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Read More on HPQ:
- HP Inc. price target lowered to $29 from $33 at BofA
- HP Inc. price target lowered to $26 from $37 at UBS
- HP Inc. price target lowered to $25 from $35 at Wells Fargo
- HP Inc. price target lowered to $27 from $30 at JPMorgan
- HP’s Strategic Positioning and Recovery Potential Justify Buy Rating Despite Macroeconomic Challenges
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