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BofA Securities analyst Wamsi Mohan upgraded HP Inc. (NYSE: HPQ) from Underperform to Buy, raising the price target to $33 from $25 based on an improved Free Cash Flow (FCF) outlook and
Operator: Good day, everyone, and welcome to the Fourth Quarter 2022 HP Earnings Conference Call. My name is Emma, and I will be your conference moderator for today's call.
The PC and printer maker plans to reboot its business by 2025.
HP and its subsidiaries announced fiscal 2022 net revenue of $63 billion, down 0.8 per cent from the prior-year period.
HP Inc currently employs nearly 50,000 people. The company has announced that it will sack around 4,000 to 6,000 employees in the coming years.