BofA raised the firm’s price target on HP Enterprise (HPE) to $29 from $25 and keeps a Buy rating on the shares. Ahead of the company’s securities analyst meeting scheduled for October 15, the firm previews that it expects HP Enterprise’s long-term strategy to focus on the higher margin segments of the business with FY26 as a transition year with some first half softness in operating margins given the Juniper integration. The firm, which expects HP Enterprise to grow its topline by 7% over the next five years, “materially” raised its estimates and multiple on improved profitability given the Juniper acquisition.
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