JP Morgan Maintains Overweight on HP, Lowers Price Target to $39
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on HP (NYSE:HPQ) but lowers the price target from $40 to $39.

August 30, 2023 | 2:27 pm
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JP Morgan has maintained an Overweight rating on HP but lowered the price target from $40 to $39.
The news is directly related to HP as JP Morgan has maintained an Overweight rating on the company but lowered the price target. This could potentially impact the stock's performance in the short term as it indicates a slight decrease in the expected value of the stock. However, the Overweight rating suggests that the analyst still believes the stock will outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100