<div id="readability-page-1"><p>12:25 PM EST, 01/15/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We cut our 12-month target price to $19 from $26, shifting to 6x our CY 27 EPS view of $3.20, below peers due to anemic growth. We keep our FY 26 and FY 27 EPS view at $3.09 and $3.28. We downgrade to Sell from Hold as we believe unprecedented memory cost inflation will materially compress margins beyond what guidance reflects, while revenue growth remains insufficient to offset these headwinds. DRAM prices have surged 70% YoY with certain components up 170%, and memory represents roughly 15%-18% of PC bill-of-materials. We think HP's mitigation efforts, additional suppliers, optimizing configurations,  and price increases are inadequate given the magnitude of cost pressures expected through H2 FY 26. PS faces execution risk as memory shortages constrain lower-end volume while competitive dynamics limit pricing power. Meanwhile, Print continues its secular decline, with hardware units down double-digits. We believe the risk/reward is unfavorable with limited upside to our $19 target price.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

惠普

<p>CFRA 已將對惠普公司（HP Inc.）股票的評級從持有下調至賣出，並將 12 個月目標價從 26 美元下調至 19 美元。此次下調的原因是預計由於內存成本上漲導致利潤率壓縮，以及收入增長不足。分析師指出，DRAM 價格大幅上漲，並強調了惠普應對策略中的風險。打印業務也面臨下滑，導致投資者面臨不利的風險/回報情境</p>

研究警報：CFRA 將惠普公司的股票評級從持有下調為賣出