HP Inc. price target raised to $29 from $25 at Morgan Stanley

Morgan Stanley raised the firm’s price target on HP Inc. (HPQ) to $29 from $25 and keeps an Equal Weight rating on the shares after a model refresh following the fiscal Q2 report. The firm’s FY25 and FY26 revenue and EPS estimates were moved 3% and 11% higher, respectively, but they are slightly below the firm’s pre-April 8 forecast, the analyst tells investors. The firm’s price target represents eight times its new $3.67 FY26 EPS estimate, the analyst noted.