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Fly News Breaks for February 25, 2020
XRX, HPQ
Feb 25, 2020 | 08:22 EDT
Morgan Stanley analyst Katy Huberty raised the firm's price target on HP Inc. (HPQ) to $24 from $21 and keeps an Equal Weight rating on the shares given its "aggressive" capital return plans after what she views as a report that reflects "strong execution" in Q1. Huberty, who has increased confidence in HP's medium-term earnings power, said she views management's plan as "reasonable," but also noted that a combination with Xerox (XRX) could change the medium-term EPS path. She maintains an Equal Weight rating on HP Inc. shares.