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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