UBS analyst David Vogt lowered the firm’s price target on HP Inc. (HPQ) to $26 from $29 and keeps a Neutral rating on the shares. While HP delivered a solid quarter with revenue, margin, and EPS all roughly in-line with expectations as the company navigated the residual impacts of tariffs, the initial FY26 EPS outlook was below the firm’s estimate, and the shape of the demand and margin trajectory in FY26 reflects the impact of mitigation efforts, the analyst tells investors in a research note.
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