JPMorgan Downgrades HP, Inc. (HPQ) to Neutral
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JPMorgan analyst Paul Coster downgraded HP, Inc. (NYSE: HPQ) from Overweight to Neutral with a price target of $29.00 (from $28.00).
The analyst steps aside citing limited catalyst to generate upside. He suggests taking profits now noting investment in 3DPrinting and a gradual shift to subscription will weight on Printing margins.
Shares of HP, Inc. closed at $26.14 yesterday.
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