HP Enterprise (HPE) PT Lifted to $26 at Needham & Company
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Needham & Company analyst Richard Kugele reiterated a Buy rating and raised his price target on HP Enterprise (NYSE: HPE) to $26.00 (from $24.00), saying the future company is coming into focus.
Kugele commented, " We believe the HPE of the future is beginning to emerge from the cloud of divestitures, restructurings, and turmoil that has plagued the company for much of the last decade. With a focus on hybrid IT, intelligent edge solutions and associated services, we think HPE should be able to achieve a level of growth in F18 and continue to deliver meaningful capital return to shareholders. Based on the improved transaction value of ES (and slightly higher HPE standalone EPS) we are adjusting our PT to $26 from $24. Maintain Buy"
Shares of HP Enterprise closed at $21.47 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- Shopify (SHOP): CFO Meetings Indicate Strong Growth Ahead - Wedbush
- Pivotal Research Downgrades Kroger (KR) to Hold
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesNeedham & Company
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!