HSBC analyst Stephen Bersey upgraded HP Inc. (HPQ) to Buy from Hold with a price target of $30, up from $28.10. The firm sees market indications that personal computer and printer volumes for HP may be better than previously expected. HSBC cites valuation the company’s business momentum for the upgrade. The analyst increased the firm’s PC unit shipment forecasts for HP to reflect stronger than previously expected shipments in Q3.
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