Barclays lowered the firm’s price target on HP Inc. (HPQ) to $28 from $36 and keeps an Equal Weight rating on the shares. The company’s fiscal Q2 revenue was in-line, but gross margin and earnings missed on higher than expected tariff costs, the analyst tells investors in a research note. The firm says HP’s guidance is equally affected, and it now looks to fiscal 2026 for a recovery in the business.
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Read More on HPQ:
- HP (HPQ) Accelerates Production Shift Out of China Amid Tariff Woes
- HP’s Financial Outlook and Revised Target Price: A Neutral Hold Recommendation
- HP’s Financial Struggles and Tariff Impacts Lead to Sell Rating
- HP Inc. initiated with a Neutral at KGI Securities
- HP Inc. Reports Mixed Q2 2025 Financial Results
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