BofA raised the firm’s price target on HP Enterprise to $19 from $18 and keeps a Neutral rating on the shares. The firm raised its FY23 revenue and EPS estimates to $29B and $2.15 from $28.9B and $2.11, respectively, after HP Enterprise reported fiscal Q3 results and said its overall order book now stands at two-times pre-pandemic level. However, it remains concerned on the growth outlook and views the current risk/reward as balanced, the firm added.
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Read More on HPE:
- 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
- Notable companies reporting after market close
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