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Fly News Breaks for November 30, 2018
HPQ
Nov 30, 2018 | 07:35 EDT
BMO Capital analyst Tim Long kept his Market Perform rating and $22 price target on HP Inc but lowered his FY19 EPS view to $2.20 from $2.24 after the company's Q4 earnings and affirmed FY19 guidance. The analyst notes that the quarter was "a bit better than expectations", but the discussion of CPU shortages coming as anticipated should still make for a slower first half of the year. Long contends that HP will remain held back by the tough end markets, opting to wait for "more contribution from new growth areas".
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