BUZZ-HSBC upgrades HP to 'buy' on improved PC sales momentum
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HSBC has upgraded HP Incto 'buy' from 'hold', raising the price target to $30 from $28. The upgrade follows improved PC sales momentum, with shares rising 2.4% to $28. HSBC anticipates a surge in new device purchases as Microsoft ends support for Windows 10. The brokerage also notes reduced tariff risks due to HP's shift away from China imports and a less negative outlook for printer sales. HP is set to report its quarterly results next month, with an average analyst rating of 'hold' and a median price target of $28.1.
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