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Benzinga
Benzinga
Business
Shanthi Rexaline

HP Analyst Lauds PC Maker For Executing On Positive Mix Shift Following Q1 Print

HP NYSE Wells Fargo Securities

HP Inc. (NYSE:HPQ) reported better-than-expected quarterly results, and an analyst at Wells Fargo Securities commended the company for a positive quarter.

The HP Analyst: Aaron Rakers maintained an Equal-Weight rating and $35 price target on HP shares.

The HP Thesis: HP delivered amid concerns over slowing/choppy PC demand dynamics and increasing print supply constraints that is expected to last through 2022, Rakers said.

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