Bernstein raised the firm’s price target on HP Enterprise to $19 from $17 and keeps a Market Perform rating on the shares. The firm notes HP Enterprise beat Q2 revenues by 6% amid strong AI server revenues. EPS also beat, but was largely inline adjusting for better-than-expected nonoperating income, as gross margins were pressured. HPE‘s other businesses all came in below consensus expectations, Bernstein adds.
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