Susquehanna analyst Mehdi Hosseini raised the firm’s price target on HP Enterprise to $20 from $14 and keeps a Neutral rating on the shares. The firm said the company is certainly benefiting from a reclassified Cray Supercompute now included in the Server biz unit, though Storage, reclassified into Hybrid Cloud, is still struggling. Susquehanna said there is an upward trend in the overall Revenues, reflecting cycle recovery thoughthe company faces margin pressure.
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