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Fly News Breaks for March 12, 2015
IM, HPQ
Mar 12, 2015 | 05:39 EDT
Barclays downgraded HP (HPQ) to Equal Weight saying the weak euro could impact demand for PCs and printers. The firm expects shares to be range-bound and cut its price target for the name to $35 from $42. The tech giant closed yesterday down 31c to $32.30. Barclays also downgraded Ingram Micro (IM) this morning for the same rationale. On Tuesday, UBS upgraded shares of HP to Buy.
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