HP Stock Downgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope....
On Wall Street, growth stocks remain all the rage -- and I'm afraid that's bad news for investors in HP Inc. (NYSE: HPQ).
Despite the abbreviated name, the company once known as Hewlett-Packard remains best known for producing old-tech-economy products such as PCs and printers (and printer ink) -- rather than the tablets and smartphones that are making paper-focused devices less essential. As the world goes ever more digital, Wall Street is beginning to worry that HP -- and in particular, HP's printer division -- is a business in terminal decline.
Source Fool.com
