HP shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and maintained its $37 price target.
Portfolio Pulse from Benzinga Newsdesk
HP shares declined following a downgrade by Citigroup from Buy to Neutral, with the price target maintained at $37.
October 01, 2024 | 3:21 pm
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NEGATIVE IMPACT
HP shares are trading lower after Citigroup downgraded the stock from Buy to Neutral, maintaining a $37 price target.
The downgrade from Buy to Neutral by Citigroup suggests a less optimistic outlook on HP's stock performance, likely causing investors to sell, leading to a short-term price decline. The maintained price target of $37 indicates no expected upside, reinforcing the negative sentiment.
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IMPORTANCE 80
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