HP Inc. price target lowered to $27 from $28 at Barclays

Barclays lowered the firm’s price target on HP Inc. (HPQ) to $27 from $28 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 results were in-line with strength in both commercial and consumer PC, but gross margin missed on higher than expected tariff costs and unfavorable mix, the analyst tells investors in a research note. The firm trimmed estimates post the print.