BofA analyst Wamsi Mohan raised the firm’s price target on HP Enterprise (HPE) to $24 from $23 and keeps a Buy rating on the shares. HP Enterprise now expects at least $600M in cost synergies over the next three years, with a third of those savings realized by end of year one and the rest spread evenly across the ensuing years, the analyst tells investors in a research note. HP Enterprise’s global supply chain should accrue COGS benefits as Juniper’s procurement process improves, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- Hewlett Packard Enterprise’s Strategic Integration with Juniper Networks Drives Buy Rating and Revised Price Objective
- Super Micro Stock (SMCI) Is a ‘Show-Me’ Story Facing a Margin Squeeze and Tough Rivals
- CoreWeave’s (CRWV) $9B Deal Highlights the AI M&A Wave That’s Sweeping 2025
- HP Enterprise initiated with a Peer Perform at Wolfe Research
- Insider Sales Shake Royal Caribbean, Kroger, HP, Intellia, EOG