HP Inc. price target lowered to $36 from $37 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on HP Inc. to $36 from $37 and keeps an Equal Weight rating on the shares. HP reported a “mixed” fiscal Q3 and guided to Q4 sales and EPS in-line with the firm’s below-consensus estimates, the analyst tells investors. Post-earnings, the firm’s October quarter estimates don’t change, but it has lowered its FY25 EPS view by 2% to account for more limited cost savings flow through.