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.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on HPE: