** Shares of PC maker HP Inc fall 8.3% to $35.86 premarket
** HP expects Q1 adj. profit per share to be between 70 cents and 76 cents, vs analysts' estimate of 85 cents- LSEG
** Brokerages JP Morgan and Citigroup cut PT on the stock
** Barclays raises PT, reflecting recovery in PC spending
** Co's Q1 profit forecast was impacted by seasonal volumes decline and softer PC margin- Barclays
** The managements plans of rebound in PCs and low single-digit decline in print are realistic if macro eases and if enterprises spend on IT equipment in combination with policies enacted under new administration- JP Morgan
** Consumer PC continues to be under pressure despite commercial PC faring better across the industry - Barclays
** For fiscal 2025, company forecasts adj. profit between $3.45 and $3.75 per share, the midpoint of which is in line with estimates
** Five of 17 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell" or lower; their median PT is $37
** Up to last close, stock had risen ~30% YTD
(Reporting by Priyanka.G in Bengaluru)
((priyanka.g@thomsonreuters.com;))
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