HP shares are trading higher after Evercore ISI upgraded the stock from In-Line to Outperform and raised its price target from $33 to $40.
Portfolio Pulse from Benzinga Newsdesk
HP shares have risen following an upgrade from Evercore ISI, which changed its rating from In-Line to Outperform and increased the price target from $33 to $40.
December 11, 2023 | 7:45 pm
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POSITIVE IMPACT
HP Inc.'s stock is likely to experience a positive short term impact due to Evercore ISI's upgrade to Outperform and a raised price target from $33 to $40.
Analyst upgrades and raised price targets often lead to increased investor confidence and can result in a short term rise in the stock price. The upgrade from a reputable firm like Evercore ISI suggests a positive outlook for HP, which may influence investors to buy shares, pushing the price up.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100