As beforehand reported, BofA analyst Wamsi Mohan downgraded HP Inc. to Impartial from Purchase with an unchanged worth goal of $37. The score change is based on the view that any EPS progress will come purely from share buybacks as potential upside from PCs, together with AI PCs, must be offset by decrease print margins on condition that firm has been “over-earning in printing,” the analyst tells buyers. The agency, whose evaluation means that it is going to be laborious for HP to drive “materials optimistic estimate revisions,” notes that it lowered its personal estimates “modestly.”
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