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HP INC. $15 is a hold. The company (New York symbol HPQ; Manufacturing sector; Shares outstanding: 1.4 billion; Market cap: $21.0 billion; Dividend yield 4.5%; Takeover Target Rating: Medium; www.hp.com) took its current form on November 1, 2015, when the old Hewlett-Packard Co. split into two firms—HP Inc. (which focuses on personal computers and printers) and Hewlett-Packard Enterprise (computing products and services for businesses). For every share they held in the old HP, investors received one share in each of the new companies. Copy-machine maker Xerox Holdings Corp. (New York symbol XRX) has now dropped its hostile cash-and-shares takeover bid for HP Inc. Xerox would have borrowed most of the cash it needed for the $31 billion takeover. However, due to the COVID-19 pandemic, it did not want to take on such a large obligation—its market cap is just $3.9 billion. Meantime, investors have seen the pandemic spur strong demand for HP’s computers and monitors as more employees work from home. However, manufacturing problems in China,…