UBS raised the firm’s price target on HP Enterprise (HPE) to $17 from $16. The firm keeps a Neutral rating on the shares given a mixed result and outlook, particularly around “AI system orders,” the analyst tells investors in a research note. HP Enterprise disclosed orders of just $600M in the quarter and that backlog fell $300M quarter over quarter, or 9%, notably softer than Dell’s (DELL) AI order/revenue/backlog data reported last week, the firm says.
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