Piper Sandler initiated coverage of HP Enterprise (HPE) with a Neutral rating and $24 price target The firm says the company’s execution missteps, which has led to share losses, changing reporting structure, and lack of margin expansion have weighed on investor sentiment. The recent share selloff “looks interesting,” but Piper prefers other names to HP Enterprise, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- Midday Fly By: Salesforce targets $60B in revenue, TSMC reports Q3 beat
- Morning Movers: Charles Schwab rises following third quarter earnings
- Video: Salesforce, HP Enterprise diverge after long-term forecasts
- HP Enterprise price target raised to $25 from $23 at UBS
- Hewlett Packard Enterprise: Buy Rating Backed by Growth Potential in Networking and AI, Favorable Valuation