HP shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
HP shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
August 19, 2024 | 12:15 pm
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NEGATIVE IMPACT
HP shares are trading lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight.
The downgrade by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and lead to a short-term decline in HP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100