HP Enterprise price target raised to $15 from $14 at Morgan Stanley

Morgan Stanley raised the firm’s price target on HP Enterprise to $15 from $14 and keeps an Underweight rating on the shares. While there continue to be “encouraging trends” on Intelligent Edge and the AI/HPC portfolio, mixed commentary on the macro backdrop leaves the outlook relatively unchanged and for now headwinds are “still larger than tailwinds,” the analyst tells investors in a post-earnings note.