HP''s Challenges Unlikely To Ease Anytime Soon, Bear Analyst Says After Q3 Print
HP Inc’s (NYSE: HPQ ) downbeat third-quarter revenue miss and reduction in fourth-quarter guidance were the largest of their kind in over five years, according to Morgan Stanley. The HP Analyst: Erik Woodring reiterated an Underweight rating on HP while reducing the price target from $30 to $28. The HP Thesis: The company witnessed challenges in both consumer and commercial demand, Woodring said in the note. He added that HP’s performance was also impacted by a tougher … Full story available on Benzinga.com
HP''s Challenges Unlikely To Ease Anytime Soon, Bear Analyst Says After Q3 Print
HP Inc’s (NYSE: HPQ ) downbeat third-quarter revenue miss and reduction in fourth-quarter guidance were the largest of their kind in over five years, according to Morgan Stanley. The HP Analyst: Erik Woodring reiterated an Underweight rating on HP while reducing the price target from $30 to $28. The HP Thesis: The company witnessed challenges in both consumer and commercial demand, Woodring said in the note. He added that HP’s performance was also impacted by a tougher … Full story available on Benzinga.com