Morgan Stanley analyst Katy Huberty noted that investors have been asking about weakness in HP Inc. shares since the company's earnings report, which she primarily attributes to profit taking by short-term holders who think the Q2 report marked a peak. She, however, disagrees with this view, as she believes that FY17 will mark an inflection point and has growing confidence that a reversal of printer installed base declines, an acceleration in printer supplies growth, and stable PC trends can lead to improved earnings durability. Huberty keeps an Overweight rating and $23 price target on HP shares.