HP Enterprise upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded HP Enterprise (HPE) to Overweight from Equal Weight with a price target of $24, up from $20. The firm believes the company will continue to grow its artificial intelligence server revenues, improve in storage, and it likes the accretion from the Juniper Networks (JNPR) deal. Barclays is seeing early signs of an enterprise recovery and believes HP Enterprise is one of the best ways to invest in this emerging trend “since the stock lacks an AI premium” versus other hardware names, the analyst tells investors in a research note.