Goldman Sachs analyst Michael Ng reinstated coverage of HP Enterprise (HPE) with a Neutral rating and $22 price target following the company having closed its acquisition of networking company Juniper Networks on July 2. Despite a positive outlook on HP Enterprise’s Networking business, the firm says recent execution issues in Server and Hybrid Cloud keep it at Neutral on the stock.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- HP Enterprise price target raised to $26 from $21 at Deutsche Bank
- UK Court finds Lynch, Hussain owe HP over $944M, Reuters says
- JPMorgan, Starbucks, HPE, Sarepta, Elevance: Trending by Analysts
- Starbucks downgraded, Oracle initiated: Wall Street’s top analyst calls
- HP Enterprise resumed with an Overweight at JPMorgan