BofA raised the firm’s price target on HP Enterprise to $20 from $19 and keeps a Neutral rating on the shares ahead of the company’s Securities Analyst Meeting this Thursday. The company is expected to call for constant currency revenue growth, operating profit dollar growth and flat free cash flows in FY24, though its earnings could be down y/y depending on the headwinds from the sale of the H3C business relative to the use of the cash inflow from the sale, the analyst tells investors in a research note.
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- HP Enterprise price target raised to $15 from $14 at Morgan Stanley
- HP Enterprise price target raised to $19 from $18 at BofA