Evercore ISI removed HP Enterprise (HPE) from the firm’s “Tactical Outperform” list following the company’s October-end quarterly earnings release last week. While there was “some noise” around the fiscal Q4 print and January quarter revenue guidance below the Street, the firm believes its long-term bull thesis remains “largely intact” and notes that its out-year estimates remained largely unchanged. The firm has an Outperform rating and $28 price target on HP Enterprise shares.
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