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Benzinga

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Priya Nigam

FOUND: Morgan stanley downgrades hp on potentially lower hardware spend | Mind Blowing Facts

Morgan Stanley HP Erik Woodring

The hardware industry is at risk of losing market share to other technology sub-industries due to greater macro uncertainty, “leaving us incrementally more cautious on the group in 2022,” according to Morgan Stanley.

The HP Analyst: Erik Woodring downgraded the rating for HP Inc (NYSE:HPQ) from Equal-Weight to Underweight, while reducing the price target from $34 to $31.

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