BofA, Evercore, and Morgan Stanley Cut Price Targets for HP Inc. (HPQ)

HP Inc. (NYSE:HPQ) is one of the 10 Best Stocks Under $20 to Buy According to Hedge Funds. On February 25, BofA reduced its price target on HP Inc. (NYSE:HPQ) from $18 to $16 while keeping its Underperform rating. BofA pointed out that its rating reflects the “coinciding headwinds” of slower PC unit growth, pressure on margins due to memory costs, and uncertainty related to the company’s leadership transition. Other analysts also reduced their price targets for HP Inc. (NYSE:HPQ) following its latest ear ...