Barclays raised its price target on HP, Inc. (NYSE: HPQ) to $17.00 (from $15.00) while maintaining a Equalweight rating.

Analyst Mark Moskowitz comments "HP reported better-than-expected results, but guidance was just in-line. We expect shares of HP Inc. to be slightly up in the near-term, though. HP's Personal Systems business continued to be a bright spot, and supplies began to show signs of recovery, which we think investors will find encouraging. FX continues to be a headwind, and we expect product launches to weigh on operating margin later this year."