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

Evercore ISI is adding HP Inc. to the firm’s “Tactical Outperform” list ahead of the company reporting January-end quarter results after market close on February 28. a “mismatch” between January quarter Street estimates and HP’s guidance “provides a less favorable near-term set-up, but the firm thinks HP is well positioned to deliver strong EPS growth in FY24 and it reiterates an Outperform rating and $40 price target on the shares.