Tiger Brokers

BUZZ-HSBC upgrades HP to 'buy' on improved PC sales momentum

Reuters
Oct 14
BUZZ-<a href="https://laohu8.com/S/HSBC">HSBC</a> upgrades HP to 'buy' on improved PC sales momentum

** Shares of PC maker HP Inc HPQ.N rise 2.4% to $28 in early trading

** HSBC upgrades stock to "buy" from "hold", raises PT to $30 from $28.1

** Brokerage says co's PC unit sales look better than it previously expected, citing data from research firms IDC and Omidia

** With Microsoft ending support for Windows 10 by October 14, HSBC expects a surge in new device purchases

** HSBC says co's shift away from China imports has lowered tariff risks; adds printer sales outlook "less bad than feared"

** Co will report its quarterly results next month

** Avg rating of 18 analysts is "hold"; median PT is $28.1, according to data compiled by LSEG

** including session moves, stock down 14% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

((mailto: Joeljose@thomsonreuters.comKanishka.Ajmera@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10