HP Enterprise price target raised to $22 from $20 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the firm’s price target on HP Enterprise (HPE) to $22 from $20 and keeps an Equal Weight rating on the shares. With the closing of HP’s acquisition of Juniper, the firm is updating its estimates. Wells expects focus to remain on HP Enterprise plus Juniper accretion, progression of cost synergy realization, and capital structure/de-leveraging.