Evercore ISI Group Reiterates In-Line on HP, Maintains $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Amit Daryanani has reiterated an In-Line rating on HP Inc. (NYSE:HPQ) and maintained a price target of $33. This suggests that the analyst believes HPQ will perform on par with the market expectations and sees the stock reaching the specified price level.
November 20, 2023 | 5:03 pm
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Evercore ISI Group analyst Amit Daryanani has reiterated an In-Line rating on HP Inc. (NYSE:HPQ) and maintained a price target of $33, indicating a neutral outlook on the stock's performance.
The reiteration of an In-Line rating and maintenance of the price target by a prominent analyst suggests that there are no significant short-term changes expected in HPQ's stock performance. The price target indicates where the analyst believes the stock will trend, but the In-Line rating implies that HPQ is expected to perform similarly to the market or sector, which does not suggest a strong directional movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100