HP Enterprise upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded HP Enterprise (HPE) to Outperform from In Line with a price target of $22, up from $17. The firm thinks the current risk/reward is “fairly attractive,” especially for investors that have some duration, the analyst tells investors. The firm sees four key scenarios for HP Enterprise and critically thinks the probability for upside is more likely, while the downside is protected around $15-$16, the analyst added.