HP Inc. price target raised to $35 from $32 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on HP Inc. (HQP) to $35 from $32 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q2 results after market close on May 29. The firm models Q2 revenue of $12.5B, below the Street estimate of $12.6B, and expects Q2 EPS to be in line with the mid-point of company guidance and Street estimates, the analyst tells investors. Berkshire Hathaway (BRK.A) having exited its position in HP removes an overhang on the stock, the analyst added.