Reported about 23 hours ago
HP Inc. (NYSE:HPQ) has been downgraded by Evercore ISI from Outperform to 'In Line' with a price target of $29.00, as analysts cite limited upside potential amid a challenging market. Despite anticipated growth in the PC sector, risks linger due to possible demand dips and competitive pressures, particularly from Dell. The company has effectively managed tariff impacts through cost reductions and supply chain adjustments. However, analysts emphasize that further earnings growth remains uncertain.
Source: YAHOO