HP shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and maintained a $37 price target.
Portfolio Pulse from Benzinga Newsdesk
HP shares declined following a downgrade by B of A Securities from Buy to Neutral, with a maintained price target of $37.

September 27, 2024 | 12:36 pm
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NEGATIVE IMPACT
HP shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral, maintaining a $37 price target.
The downgrade from Buy to Neutral by a major financial institution like B of A Securities typically signals a lack of expected growth or potential risks, leading to a negative short-term impact on the stock price. The maintained price target suggests no expected upside, reinforcing the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100