Morgan Stanley upgraded HP Enterprise to Equal Weight from Underweight with an unchanged price target of $16. The analyst says further multiple compression is unlikely, particularly with the company’s longer term enterprise artificial intelligence server opportunity. HP Enterprise’s valuation unlikely to compress further given where we are in the cycle, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HPE:
- Morgan Stanley Upgrades HP Enterprise (NYSE:HPE), Shares Rise
- Analysts are Split on HP Enterprise (NYSE:HPE) after Earnings Report
- Early notable gainers among liquid option names on November 29th
- HP Enterprise price target lowered to $19 from $20 at BofA
- HP Enterprise price target raised to $16 from $15 at Morgan Stanley