JPMorgan resumed coverage of HP Enterprise (HPE) with an Overweight rating and $30 price target following a period of restriction. The firm also added the shares to its Analyst Focus List. HP’s acquisition of Juniper establishes it as one of the largest networking companies with one of the broadest portfolios encompassing switches, wireless access point and routers, the analyst tells investors in a research note. JPMorgan sees an inexpensive valuation at current share levels.
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