Morgan Stanley Downgrades HP to Equal-Weight, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has downgraded HP (NYSE:HPQ) from Overweight to Equal-Weight and set a price target of $37.
August 19, 2024 | 10:21 am
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Morgan Stanley analyst Erik Woodring has downgraded HP from Overweight to Equal-Weight and set a price target of $37.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley is likely to negatively impact HP's stock price in the short term. The new price target of $37 suggests limited upside potential.
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