Lexmark Skids 24% on Warning; H-P Climbs - TheStreet

Printer maker

Lexmark

(LXK)

plummeted 24% after it said third- and fourth-quarter earnings would be lower than expected due to slow inkjet cartridge sales and weakness in the euro. Several analysts weighed in with downgrades. Competitor

Hewlett-Packard

(HWP)

rose 3.1%.

SG Cowen

reiterated its strong buy and 12-month target of 160.