HP Enterprise price target raised to $17 from $16 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on HP Enterprise (HPE) to $17 from $16 and keeps a Neutral rating on the shares after having hosted investor meetings with the company’s CEO and IR team. The firm’s key takeaways included a focus on Greenlake increasing as a differentiated offering as the HPC/AI segment has a unique supercomputer value proposition, the fact that backlog is still elevated, that the company sees taking share from Cisco (CSCO), and that in terms of capital return M&A valuations remain elevated and stock buyback at these levels are "attractive."