Needham & Company analyst, Richard Kugele, reiterated his Buy rating on shares of HP Enterprise (NYSE: HPE) after an uneventful F4Q report where the company reported an in-line quarter.

IT spending conditions remain mixed, but the expense reductions already put into motion as well as the buyback should be sufficient for HPE to reach its previous F18 guide.

No change to the price target of $26.00

For an analyst ratings summary and ratings history on HP Enterprise click here. For more ratings news on HP Enterprise click here.

Shares of HP Enterprise closed at $22.87 yesterday.