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Fly News Breaks for August 23, 2019
HPQ
Aug 23, 2019 | 06:46 EDT
Wells Fargo analyst Aaron Rakers lowered his price target for HP Inc to $20 from $23 and maintained a Market Perform rating, saying the company delivered what he expects to be considered net-negative third quarter results. In a research note to investors, Rakers says that while HP reported strong PC results and execution, he thinks investors will now focus on tough comps into fiscal 2020 with a maturing Windows 10 commercial upgrade cycle and component price decline pass-through.
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