HP Inc. price target lowered to $41 from $42 at JPMorgan

JPMorgan lowered the firm’s price target on HP Inc. (HPQ) to $41 from $42 and keeps an Overweight rating on the shares ahead of the fiscal Q4 report. The firm says investors are likely to look for evidence of a PC recovery or expectations of one in HP’s guidance for fiscal 2025. The analyst expects HP to deliver near-term results that are roughly in line with, or slightly softer than, sell-side consensus estimates, while at the same time continuing to echo that the PC market recovery remains on track for fiscal 2025.