This report provides an industry view on IT Hardware and Communications Equipment for 2021. The analyst firm, Barclays Capital Inc., upgrades GLW, JNPR, and CASA from Equal Weight to Overweight, and downgrades HPQ from Equal Weight to Underweight. The report notes that most of the coverage was negatively impacted by Covid-19, but a few companies benefited from WFH/LFH. The report expects 2021 first half fundamentals to favor Covid-19 plays, while the second half could pivot to return-to-work names. The report also notes that the stock and fundamentals have benefited from WFH dynamics, but the PC and Printing businesses are expected to face secular headwinds in 2021.
