HP Shares Face Mounting Pressure as Morgan Stanley Sounds Warning

A significant downgrade from Morgan Stanley has cast a shadow over HP’s stock prospects, with the firm reducing its rating to “Underweight” and slashing its price target from $26 to $24. This bearish assessment comes despite some positive operational performance, creating a complex narrative for the technology company.

The core of Morgan Stanley’s concern lies in HP’s printer division, which continues to underperform while the company’s PC segment shows resilience. Market experts highlight that the printer business, a traditional cornerstone for HP, shows no signs of near-term recovery, posing substantial challenges for overall corporate health.

Financial metrics reveal deepening issues. According to InvestingPro data, the company’s Read more...