JP Morgan downgrades HP due to chip shortages, trade tariff risk

JP Morgan downgrades HP due to chip shortages, trade tariff risk

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/05/jp-morgan-downgrades-hp-due-to-chip-shortages-trade-tariff-risk.html

HP will face a more difficult industry environment for its computer business in the next year, according to J.P. Morgan.

The firm lowered its rating to neutral from overweight for HP shares, predicting chip shortages and trade tariffs will hurt its sales growth.

JP Morgan downgrades HP due to chip shortages, trade tariff risk

Oct 5, 2018, 12:26pm UTC
https://www.cnbc.com/2018/10/05/jp-morgan-downgrades-hp-due-to-chip-shortages-trade-tariff-risk.html > HP will face a more difficult industry environment for its computer business in the next year, according to J.P. Morgan. > The firm lowered its rating to neutral from overweight for HP shares, predicting chip shortages and trade tariffs will hurt its sales growth.