Morgan Stanley upgraded HP Enterprise (HPE) to Overweight from Equal Weight with a price target of $28, up from $23. The firm sees the value proposition of the Juniper (JNPR) acquisition as attractive in the near term, saying Juniper is coming out of inventory digestion and recognizing new cloud customers. The spending acquisition of Juniper is a catalyst for rerating HP Enterprise shares, given opportunity for earnings upside and multiple rerating, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- Hewlett Packard Enterprise call volume above normal and directionally bullish
- HPE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Unusually active option classes on open December 2nd
- Options Volatility and Implied Earnings Moves This Week, December 02 – December 05, 2024
- SMCI, DELL, HPE: AI Stocks Surge on Nvidia’s Strong Q3 Results