HP Inc. price target raised to $30 from $27 at JPMorgan

JPMorgan analyst Samik Chatterjee raised the firm’s price target on HP Inc. to $30 from $27 and keeps a Neutral rating on the shares post the fiscal Q1 results. The company reported revenue below consensus expectations, which was largely expected by buy-side investors given increasing data points relative to a deeper than expected PC inventory correction, the analyst tells investors in a research note. The firm views HP’s results and outlook as "better-than-feared."