Citigroup Downgrades HP to Neutral, Maintains Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has downgraded HP (NYSE:HPQ) from Buy to Neutral, while maintaining the price target at $37.

October 01, 2024 | 1:24 pm
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NEGATIVE IMPACT
Citigroup has downgraded HP from Buy to Neutral, indicating a less optimistic outlook on the stock, but maintains the price target at $37.
The downgrade from Buy to Neutral suggests that Citigroup sees less potential for HP's stock to outperform in the near term. Maintaining the price target at $37 indicates that the analyst does not expect significant price movement, but the downgrade itself could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100