HP Inc. price target lowered to $31 from $32 at Citi

Citi analyst Asiya Merchant lowered the firm’s price target on HP Inc. to $31 from $32 and keeps a Neutral rating on the shares. The company reported “mixed” fiscal Q3 results as better than expected PC segment revenues were more than offset by weakness in the Print segment, the analyst tells investors in a research note. The firm says HP’s outlook implies more aggressive pricing in the PC segment as channel inventories continue to normalize and continued demand weakness in the Print segment.