UPDATE: Loop Capital Downgrades HP, Inc. (HPQ) to Hold

HP Inc. (HPQ) Downgraded at Loop Capital as it 'Navigates Reset'

HP Inc. (NYSE: HPQ) shares have been downgraded to Hold from Buy at Loop Capital, with its price target kept at $29 per share.

Analyst Ananda Baruah said the stock has been one of the firm's favorite Buy ratings in the last 24 months.... More

Pre-Open Movers: Bed Bath & Beyond Sinks on Update, PayPal Gains on Upgrade

Pre-Open Stock Movers:

Bed Bath & Beyond Inc. (NASDAQ: BBBY) 24% LOWER; provides a strategic update, announcing job cuts, store closures, a 12 million share ATM offering, loan deal, and that it plans to keep buybuy BABY as part of the company.

Chewy (NYSE: CHWY) 10% LOWER; reported Q2 net income of $22.3 million. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.45 billion.

Ambarella (NASDAQ: AMBA)... More

Seagate (STX) Lowers FQ1 Outlook to Reflect a 'Worsening Macroeconomic Backdrop'

Seagate Technology (NASDAQ: STX) announced today that it is slashing its outlook for its fiscal first quarter as it continues to operate in a worsening macro-economic environment. Shares are down 6% in premarket Wednesday.

Seagate now forecasts revenue in the range of $2 billion to $2.2 billion, which is down from the prior outlook of... More

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

Cowen analyst Krish Sankar lowered the price target on HP, Inc. (NYSE: HPQ) to $30.00 (from $38.00) while maintaining a Market Perform rating.... More

HP, Inc. (HPQ) PT Lowered to $28 at Morgan Stanley

Morgan Stanley analyst Katy Huberty lowered the price target on HP, Inc. (NYSE: HPQ) to $28.00 (from $30.00) while maintaining a Underweight rating.... More

HP, Inc. (HPQ) PT Lowered to $25 at Wells Fargo

Wells Fargo analyst Aaron Rakers lowered the price target on HP, Inc. (NYSE: HPQ) to $25.00 (from $30.00) while maintaining a Underweight rating.... More

HP, Inc. (HPQ) PT Lowered to $33 at Credit Suisse

Credit Suisse analyst Shannon Cross lowered the price target on HP, Inc. (NYSE: HPQ) to $33.00 (from $39.00) while maintaining a Outperform rating.... More

HP, Inc. (HPQ) PT Lowered to $32 at UBS

UBS analyst John Roy lowered the price target on HP, Inc. (NYSE: HPQ) to $32.00 (from $40.00) while maintaining a Neutral rating.... More

HP, Inc. (HPQ) PT Lowered to $30 at BofA Securities

BofA Securities analyst Wamsi Mohan lowered the price target on HP, Inc. (NYSE: HPQ) to $30.00 (from $33.00) while maintaining a Underperform rating.... More

HP, Inc. (HPQ) PT Lowered to $27 at Barclays

Barclays analyst Tim Long lowered the price target on HP, Inc. (NYSE: HPQ) to $27.00 (from $32.00) while maintaining a Underweight rating.... More

HP, Inc. (HPQ) PT Lowered to $33 at Evercore ISI

Evercore ISI analyst Amit Daryanani lowered the price target on HP, Inc. (NYSE: HPQ) to $33.00 (from $36.00) while maintaining a In Line rating.... More

HP, Inc. (HPQ) PT Lowered to $32 at Deutsche Bank

Deutsche Bank analyst Jeriel Ong lowered the price target on HP, Inc. (NYSE: HPQ) to $32.00 (from $36.00) while maintaining a Hold rating.... More

After-Hours Movers: Chargepoint Gains Following Results, Chewy Falls

After-Hours Stock Movers:

Chewy (NYSE: CHWY) 8% LOWER; reported Q2 net income of $22.3 million. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.45 billion.

Ambarella (NASDAQ: AMBA) 5% LOWER; reported Q2 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $80.9 million versus the consensus estimate of $80.19 million. Ambarella sees Q3 2023 revenue of $81-85 million, versus the consensus of $85 million.

PVH Corp. (NYSE:... More

HP Inc. (HPQ) Reports In-Line Q3 EPS, Revenues Miss; Guides Lower

HP Inc. (NYSE: HPQ) reported Q3 EPS of $1.04, in-line with the analyst estimate of $1.04. Revenue for the quarter came in at $14.7 billion versus the consensus estimate of $15.69 billion.

GUIDANCE:

HP Inc. sees Q4 2022 EPS of $0.79-$0.89, versus the... More