Evercore ISI Group Upgrades HP to Outperform, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Amit Daryanani has upgraded HP (NYSE:HPQ) from In-Line to Outperform and increased the price target from $33 to $40, indicating a positive outlook for the company's stock.
December 11, 2023 | 10:13 am
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POSITIVE IMPACT
HP (NYSE:HPQ) has been upgraded by Evercore ISI Group from In-Line to Outperform with a raised price target from $33 to $40, suggesting a bullish stance on the stock's future performance.
Upgrades by analysts, especially from a reputable firm like Evercore ISI Group, can lead to increased investor confidence and a potential rise in stock price. The raise in price target to $40 reflects a significant upside from the previous target, which may attract more investors to the stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100