HPE price target raised to $40 from $30 at Evercore ISI

Evercore ISI raised the firm’s price target on HPE (HPE) to $40 from $30 and keeps an Outperform rating on the shares. The firm notes the company announced that it closed the partial sale of its H3C stake to several China-based buyers for total proceeds of $986.8M. Evercore says HPE’s partial H3C stake sale remains broadly in line with the company’s previously announced monetization plan, with only modest changes to the buyer mix and transaction sequencing. The sale provides incremental balance sheet flexibility as HPE continues to de-lever following the Juniper acquisition, while the remaining H3C stake is still expected to be sold to UNIS in the first half of 2026.