Research Alert: CFRA Downgrades Opinion On Shares Of Hp Inc. To Sell From Hold
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CFRA has downgraded its opinion on HP Inc. shares from Hold to Sell, reducing the 12-month target price from $26 to $19. The downgrade is attributed to expected margin compression due to memory cost inflation and insufficient revenue growth. Analysts noted a significant surge in DRAM prices and highlighted risks in HP's mitigation strategies. The print segment is also facing a decline, leading to an unfavorable risk/reward scenario for investors.
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