HSBC Upgrades HP to Buy, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey upgrades HP (NYSE:HPQ) from Hold to Buy and raises the price target from $30 to $33, indicating a positive outlook on the company's stock.
February 14, 2024 | 11:08 am
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HSBC upgrades HP to Buy and raises the price target to $33, showing confidence in the company's future performance.
The upgrade from Hold to Buy by a major analyst like HSBC, accompanied by an increase in the price target, typically signals a strong bullish outlook on the stock. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100