Citi resumed coverage of HP Enterprise with a Neutral rating and $20 price target. The firm says the copay is pivoting towards a “high-growth, richer margin portfolio” focused on enterprise network offerings with the announced acquisition of Juniper Networks. However, the acquisition will take time for synergies to materialize, and creating a unified offering could be a challenge, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- Bank of America Takes a Bullish Stance on These 2 Stocks
- Intel lands AWS deal, prepares for possible factory split: Morning Buzz
- Hewlett Packard Enterprise call volume above normal and directionally bullish
- Early notable gainers among liquid option names on September 17th
- Unusually active option classes on open September 17th