Morgan Stanley Maintains Equal-Weight on HP, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Equal-Weight rating on HP (NYSE:HPQ) but lowers the price target from $37 to $36.
August 29, 2024 | 1:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley's analyst Erik Woodring maintains an Equal-Weight rating on HP but lowers the price target from $37 to $36, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on HP's stock performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100