Citigroup downgrades HP: Growth potential questioned

Citigroup has downgraded its rating of HP stock from "Buy" to "Neutral." The investment bank cites limited short-term growth potential as the reason for this decision. Specifically, challenges in the printing business and ongoing weakness in the Chinese market are identified as critical influencing factors. Despite this downgrade, Citigroup maintains its previous price target of $37 per share. This suggests that, despite the current growth hurdles, some stability and value creation at HP are expected. As part of the market analysis, the hosts of the show Market Domination, Julie Hyman and Josh Lipton, have discussed the situation in detail. Their expert insight provides additional perspectives on the recent developments and their potential impact on the market.