HSBC upgrades HP to 'buy' on improved PC sales momentum

** Shares of PC maker HP Inc HPQ.N rise 2.4% to $28 in early trading

** HSBC upgrades stock to "buy" from "hold", raises PT to $30 from $28.1

** Brokerage says co's PC unit sales look better than it previously expected, citing data from research firms IDC and Omidia

** With Microsoft ending support for Windows 10 by October 14, HSBC expects a surge in new device purchases

** HSBC says co's shift away from China imports has lowered tariff risks; adds printer sales outlook "less bad than feared"

** Co will report its quarterly results next month

** Avg rating of 18 analysts is "hold"; median PT is $28.1, according to data compiled by LSEG

** including session moves, stock down 14% YTD