Barclays analyst Tim Long raised the firm’s price target on HP Enterprise (HPE) to $24 from $20 and keeps an Overweight rating on the shares. The company’s results surprised to the upside after two challenging quarters, the analyst tells investors in a research note. The firm says HP’s artificial intelligence systems revenue was higher than expected and margins should improve in the second half of of the year as the company manages costs and mitigates past execution issues.
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