BofA Downgrades HP After CEO Exit
Bank of America downgrades HP to Underperform as CEO Enrique Lores leaves for PayPal amid slowing PC demand and rising costs.
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PayPal CEO Replaced as Earnings Miss, Stock Tumbles
PayPal (PYPL) announces CEO change as Q4 earnings disappoint. HP's Enrique Lores to replace Alex Chriss. Shares drop 16% on weak retail spending and slowing branded checkout growth.
Barclays Turns Bearish on HP, Sees Further Downside
Barclays downgraded HP to Underweight, cutting its price target to $18, citing weak PC and printing demand and limited growth catalysts.
HP Announces Major Job Cuts and Disappointing Profit Outlook Amid Rising Memory Costs
HP plans to cut 4,000-6,000 jobs by 2028 using AI tools, targeting $1B in savings. Fiscal 2026 profit outlook falls short of expectations due to rising memory chip costs.
Morgan Stanley Downgrades Dell and HP on Memory Cost Concerns
Morgan Stanley cuts Dell and HP ratings, citing rising memory costs and weak demand threatening hardware maker profits through 2026.
JPMorgan Downgrades HP Stock: What Investors Need to Know
JPMorgan cuts HP Inc. rating to Neutral as PC replacement cycle ends and growth challenges emerge.