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Fly News Breaks for August 23, 2016
HPQ
Aug 23, 2016 | 08:28 EDT
In an earnings preview note, JPMorgan analyst Rod Hall said he is optimistic on HP Inc.'s Q3 results, but also cautious on its guidance for next quarter as he has yet to see evidence that recent positive PC sell-in data will be backed by buyer demand. Hall increased his estimates to reflect the sell-in data and raised his price target on the stock to $14 from $12.50, but keeps a Neutral rating on HP shares.
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