Evercore ISI is adding HP Enterprise (HPE) to the firm’s “Tactical Outperform” list on the belief that the company is well positioned to report upside to July-end quarter expectations and guide for October-end quarter results above current pro forma estimates. Given the recent uptick in networking spending, the firm thinks there is potential for upside, says the analyst, who maintains an Outperform rating and $28 price target on the shares.
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