Raymond James analyst Simon Leopold upgraded HP Enterprise (HPE) to Strong Buy from Outperform with a price target of $29, up from $23. The firm refined its model to break out artificial intelligence platforms and traditional servers, and this leads it to increase fiscal 2025 sales estimates. The analyst expects an in-line quarter when HP Enterprise reports on December 6, with risk from the federal vertical coupled with improved growth in fiscal 2025. Further, Raymond James expects the Juniper (JNPR) deal closes on schedule and “catalyzes stock multiple expansion.”
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