HSBC downgrades HP Inc to 'hold' on cost pressures, trims price target

HSBC downgrades HP Inc to 'hold' on cost pressures, trims price target

HSBC downgraded HP Inc to "hold" from "buy" due to near-term cost pressures in the PC segment, affecting profitability. The brokerage also reduced the price target to $38 from $39.

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