Tiger Brokers

BUZZ-HP falls after Evercore ISI cuts rating to 'in line'

Reuters
Sep 10
BUZZ-HP falls after <a href="https://laohu8.com/S/EVR">Evercore</a> ISI cuts rating to 'in line'

** Computer manufacturer HP Inc's HPQ.N shares fall 1.1% premarket after Evercore ISI cuts its rating to "in line" from "outperform"

** Evercore says stock is trading at around $29, which is the brokerage's target price, and says it'd need to see a clear path to EPS/FCF numbers moving higher, unlikely in the short-term

** "The risk we see for HP could be that much of the strength, especially in PCs, is from pull-ins due to tariff worries and that could create some risk to estimates in FY26, especially in H1," brokerage says

** Evercore also flags further headwinds in the print side, and Dell getting more aggressive on the PC side

** HP's stock is down 11% year-to-date

(Reporting by Tristan Veyet)

((Tristan.chabba@thomsonreuters.com))

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