Morgan Stanley raised the firm’s price target on HP Enterprise to $15 from $14 and keeps an Underweight rating on the shares. While there continue to be “encouraging trends” on Intelligent Edge and the AI/HPC portfolio, mixed commentary on the macro backdrop leaves the outlook relatively unchanged and for now headwinds are “still larger than tailwinds,” the analyst tells investors in a post-earnings note.
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Read More on HPE:
- HP Enterprise price target raised to $19 from $18 at BofA
- HP Enterprise raises FY23 EPS view to $2.11-$2.15, consensus $2.11
- HP Enterprise sees Q4 revenue $7.2B-$7.5B, consensus $7.49B
- HP Enterprise sees Q4 EPS 48c-52c, consensus 49c
- HP Enterprise reports Q3 EPS 49c, consensus 47c
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