HP, Inc. (HPQ) PT Lowered to $30 at Morgan Stanley

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UPDATE: PC Demand is Deteriorating and Commercial Checks Cautious - Morgan Stanley

August 11, 2022 10:55 AM EDT

(Updated - August 11, 2022 10:55 AM EDT)

Morgan Stanley analyst Erik Woodring told investors in a research note Thursday that consumer PC demand is deteriorating and commercial checks are getting more cautious.

As a result, the analyst reduced revenue and EPS forecasts for HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL) by 1-3%, reiterating an Equal-Weight rating for... More