HP Enterprise price target raised to $19 from $18 at BofA

BofA raised the firm’s price target on HP Enterprise to $19 from $18 and keeps a Neutral rating on the shares. The firm raised its FY23 revenue and EPS estimates to $29B and $2.15 from $28.9B and $2.11, respectively, after HP Enterprise reported fiscal Q3 results and said its overall order book now stands at two-times pre-pandemic level. However, it remains concerned on the growth outlook and views the current risk/reward as balanced, the firm added.