Stifel raised the firm’s price target on HP Enterprise to $22 from $18 and keeps a Buy rating on the shares after Q2 sales of $7.2B beat consensus by $417M on the strength of AI-server sales. HP Enterprise modestly raised its FY24 sales and EPS targets and said it expects a stronger second half across all segments, notes the firm, which tweaked its own forward estimates following the report and guidance hike.
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