Raymond James downgraded HPE (HPE) to Outperform from Strong Buy with a price target of $29, down from $30. The firm still sees to “significant” upside to the shares and considers it an “attractive value stock.” It cites less certainty around HPE’s growth and catalysts for the downgrade. The company’s choice to focus on AI profits over market share makes sense, as this strategy impacts growth but protects margin, the analyst tells investors in a research note.
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