Susquehanna Remains Sidelined on Hewlett Packard Enterprise (HPE)
Susquehanna reiterated a Neutral rating and $20.00 price target on Hewlett Packard Enterprise (NYSE: HPE) following the company's 4Q earnings report. Susquehanna believes that HPE is poised to increase its focus on growth initiatives within its core Enterprise Group business while being armed with a rising cash balance from the confluence of solid FCF generation and anticipated spin-off transactions.
Analyst Mehdi Hosseini commented, "We remain Neutral-rated following the October-quarter report and guide, as we believe HPE's rising cash balance and more focused approach to its core business should enable the company to respond to key secular changes - however, we remain on the sidelines to gain further evidence of execution on growth initiatives."
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.