Morgan Stanley Raises HP Price Target to $19, Maintains Underweight
MS Morgan Stanley
$181.51 -2.75%
View chart & analysis → - 1HP (HPQ) shares fell about 11% in premarket trading Thursday after warning of margin pressure from higher component costs and a sharp decline in PC shipments
- 2Q3 revenue of $15.7B (+12.5%) and non-GAAP EPS of $0.83 (+10.7%) were offset by a 16% drop in PC units
- 3Morgan Stanley (MS) raised its price target to $19 from $17 while keeping Underweight, citing risk that FY27 PC declines of over 10% could outweigh AI PC benefits
Source GuruFocus.com +1 · View original ↗
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