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Evercore ISI Reiterates In Line Rating on HP Enterprise (HPE)
September 18, 2024 5:33 AM EDTEvercore ISI analyst Amit Daryanani reiterated an In Line rating and $22.00 price target on HP Enterprise (NYSE: HPE).
The analyst comments ": Given the anticipated closing of the JNPR acquisition in late CY24 or early CY25, we update our accretion expectations for the combined HPE & JNPR entity. We now expect JNPR to be ~15c or ~7% accretive in FY25 for HPE, compared to our prior expectations of ~26c or ~13% accretion, with the lowered accretion expectations driven primarily by a weaker fundamental setup given the... More
