Barclays Maintains Underweight on HP, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Underweight rating on HP Inc. (NYSE:HPQ) but raised the price target from $22 to $24.

February 29, 2024 | 1:42 pm
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Barclays maintains an Underweight rating on HP Inc. but increases the price target from $22 to $24.
While the Underweight rating suggests Barclays has a cautious outlook on HP Inc., the increase in the price target from $22 to $24 indicates a slightly more optimistic view of the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest the implications of the raised target alongside the continued Underweight rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90