Morgan Stanley lowered the firm’s price target on HP Inc. (HPQ) to $35 from $36 and keeps an Equal Weight rating on the shares. Q1 results were in-line with expectations, but management guided to Q2 EPS 5c below the firm and Street view, implying an even stronger second half profit ramp will be needed than the record second half implied last quarter in order to hit the company’s targets, the analyst tells investors. Stronger PCs and new cost cuts should help, but the guidance “feels ambitious” amid many market uncertainties, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPQ:
- HP’s Growth Potential and Resilience: Buy Rating with a $40 Price Target by December 2025
- HP Inc. price target lowered to $35 from $37 at BofA
- HP Inc. to cut up to 2,000 employees in restructuring
- HP Inc. price target raised to $36 from $35 at Barclays
- HP Inc. Reports Steady Revenue Growth in Q1 2025
Questions or Comments about the article? Write to editor@tipranks.com