0906 ET - A quarter of pricier commodities is offsetting the benefits to HP's stock from a long-awaited recovery in the personal computer market. UBS analysts say in a research note that operating margins in the company's personal systems segment missed their estimates because of higher commodity costs, which are expected to continue into the current quarter. The analysts say shares are trading lower because of that hit to margins, despite an anticipated improvement in consumer PC demand in the next year and strength in commercial PCs. They back their neutral rating and $37 price target. Shares slide 7% premarket. (ben.glickman@wsj.com; @benglickman)
(END) Dow Jones Newswires
November 27, 2024 09:06 ET (14:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。