Citi lowered the firm’s price target on HP Inc. (HPQ) to $27.50 from $29 and keeps a Neutral rating on the shares. The stock traded down 8% post earnings on weaker than expected earnings and downward estimate revisions to its fiscal 2025 outlook, the analyst tells investors in a research note. The firm says revenue in the quarter was slightly better than expected but impacts from higher than expected tariff costs and actions taken to mitigate tariffs through expedited supply chain adjustments drove weaker than expected earnings.
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Read More on HPQ:
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