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Fly News Breaks for August 21, 2018
CAJ, HPQ
Aug 21, 2018 | 08:48 EDT
RBC Capital analyst Amit Daryanani kept his Outperform rating and $28 price target on HP Inc (HPQ) ahead of its Q3 earnings this Thursday. The analyst expects "in-line" results with "potential for modest upside" given the "stable" PC and printing data points during the quarter. Daryanani cites the first positive quarter of PC shipment growth in six years and relative HP outperformance as reported by Gartner. The analyst also points to the positive results from Canon (CAJ) and its Office segment.
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