B of A Securities Maintains Underperform on HP, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan maintains an Underperform rating on HP (NYSE:HPQ) and raises the price target from $26 to $27.
May 31, 2023 | 10:50 am
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NEUTRAL IMPACT
B of A Securities maintains an Underperform rating on HP (NYSE:HPQ) and raises the price target from $26 to $27.
The news directly mentions HP (NYSE:HPQ) and the analyst's decision to maintain an Underperform rating while raising the price target from $26 to $27. This indicates that the analyst still sees potential downside for the stock, but the higher price target suggests a slightly improved outlook. The impact on the stock price in the short term is likely to be neutral, as the Underperform rating is maintained, but the higher price target may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100