As previously reported, Deutsche Bank analyst Matt Niknam upgraded HP Enterprise (HPE) to Buy from Hold with an unchanged price target of $25. The valuation “appears relatively undemanding,” the firm views the proposed Juniper acquisition slated to close in early 2025 positively given the newfound scale the deal brings in higher-margin Networking, along with sizable cost synergies, and HP Enterprise’s standalone business is seeing positive inflections across its core segments, the analyst tells investors.
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