Loop Capital lowered the firm’s price target on HP Inc. to $35 from $37 and keeps a Hold rating on the shares. The company is seeing early signs of what is likely to be a large PC refresh opportunity, amplified by the adoption of higher priced Gen AI PCs and Windows 11 upgrade, the analyst tells investors in a research note. The firm notes however that PC OEMs and ODMs alike have moderated their collective views for growth in 2024 and 2025.
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