BofA raised the firm's price target on HP Inc. to $18 from $16 and keeps an Underperform rating on the shares. HP delivered a beat in fiscal Q2, but tightened the high-end of the FY26 EPS guidance and left free cash flow guidance of $2.8-$3B unchanged, the analyst noted. The firm cites slower PC unit growth, margin pressure from memory costs, and uncertainty from the company's leadership transition for its reiterated Underperform rating.
