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Analysts’ Actions: King Digital Will Crush Competitors, Hewlett-Packard’s PC Problem

July 24, 2023
in Trade Tube
Reading Time: 1 min read
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JPMorgan is game for King Digital, Hewlett-Packard isn’t looking too flash, plus a rare downgrade for Disney, all in Monday’s Analysts’ Actions. JPMorgan upgraded Candy Crush developer King Digital to OVERWEIGHT from NEUTRAL with a $20 price target. Hewlett-Packard had its price target reduced to $37 a share at Jefferies. Analysts said Intel’s recent warning of weak PC demand would likely prove challenging to HP. BTIG Research wasn’t as keen on Disney, downgrading shares to NEUTRAL from BUY. Analysts said the move was a valuation call as shares are currently near full value based on sky-high expectations.

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