Shares of HPInc., the maker of personal computers and printers, were falling sharply early Wednesday after the company cut its outlook for earnings.
Evercore was impressed by how well HP’s margins are holding up at the top end of its product range. That could lead to stronger earnings and cash flow in the next fiscal year “if we see stabilization or, better yet, recovery in demand across their PC and print segments.” Evercore analysts give the stock an In Line, equivalent to Neutral, rating with a price target of $33.
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