HP Inc. added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI added HP Inc. to the firm’s “Tactical Outperform” list as the analyst thinks HP is well-positioned to report upside to current Street models for the October-end quarter when it reports on Tuesday, November 21 after market close. Given that HP provided FY24 EPS guidance at their recent analyst day event on October 10, the firm expects the focus on the EPS call to be the trajectory of demand across PC and Print and thinks HP is likely to show PC upside and a path to recovery in 2024 that will more than offset any potential macro headwinds in Print, the analyst tells investors. Evercore has an In Line rating and $33 price target on HP shares.