HP Inc. Stock Rises Amid Anticipated PC Market Recovery
In a significant assessment underscoring the potential upliftment of the PC industry, HP Inc. appears set for a notable rebound, with its stock experiencing a 2% surge to $28.71 on Wednesday. This development comes amidst the company's struggle, marking a 4.6% decline year to date. Stephen Bersey, the head of technology research at HSBC Global Research, optimistically upgraded HP stock to "Buy" from "Hold," setting the price target at $33, up from $30. This strategic move highlights the anticipated recovery and growth within the PC market.
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