HP Enterprise initiated with a Neutral at Piper Sandler

Piper Sandler initiated coverage of HP Enterprise (HPE) with a Neutral rating and $24 price target The firm says the company’s execution missteps, which has led to share losses, changing reporting structure, and lack of margin expansion have weighed on investor sentiment. The recent share selloff “looks interesting,” but Piper prefers other names to HP Enterprise, the analyst tells investors in a research note.