Bernstein analyst Toni Sacconaghi downgraded HP Enterprise (HPE) to Market Perform from Outperform with a price target of $17, down from $20. The firm says the acquisition of Juniper (JNPR) undermines HP Enterprise’s opportunities and places the company in a net debt position with a significant integration for the next two years. The analyst is not optimistic that the acquisition of Juniper will meaningfully change HP Enterprise’s growth profile.
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