HP Awarded Frost & Sullivan's 2024 Global Customer Value Leadership Award for Its Outstanding Innovations in the Gaming Headset Industry

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HP Inc. (HPQ) cut at Morgan Stanley on limited upside

August 19, 2024 12:43 PM EDT

Morgan Stanley downgraded HP Inc. (NYSE: HPQ) from Overweight to Equal-Weight in a note to clients Monday, citing limited upside in both valuation and future earnings estimates.

Despite HP's recent stock performance, the firm believes that the positive catalysts driving the company's growth have now been fully priced in.

Morgan Stanley's analysts noted... More