HP Inc. price target lowered to $35 from $37 at BofA

BofA analyst Wamsi Mohan lowered the firm’s price target on HP Inc. (HPQ) to $35 from $37 and keeps a Neutral rating on the shares. HP said that better revenue and cost measures will help drive outsized EPS in the second half than the first and while the outlook “could be achieved if all goes well,” there are uncertainties around tariffs, memory price headwinds and the uptake of AI PCs that “leave a more risky setup,” the analyst tells investors in a post-earnings note.