Citi analyst Jim Suva raised the firm’s price target on HP Enterprise to $13 from $11.50 and keeps a Sell rating on the shares post the fiscal Q4 results. The company beat on sales and posted in-line earnings, Suva tells investors in a research note. This will be viewed as a positive as many IT Hardware companies are guiding lower due to a macro slowdown, says the analyst.
Published first on TheFly
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- Deal Brewing Between HPE and NTNX; To Fortify Cloud Offerings
- HP Enterprise price target raised to $18 from $17 at Barclays
- HP Enterprise backs FY23 EPS view $1.96-$2.04, consensus $2.03
- HP Enterprise sees Q1 adjusted EPS 50c-58c, consensus 49c
- HP Enterprise reports Q4 adjusted EPS 57c, consensus 56c
