Hewlett Packard Analyst Gives 5 Reasons To Be Bullish As Juniper Deal Promises To ‘Shift Focus’
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Shares of Hewlett Packard Enterprise Co (NYSE:HPE) climbed in early trading on Tuesday, along with some other stocks.
The company is poised to benefit from cost cuts, Juniper-related synergies and AI optionality, according to Bank of America Securities.
Analyst Wamsi Mohan upgraded the rating from Neutral to Buy, while raising the price target from $21 to $24.
The Thesis: The Juniper acquisition will lower the company’s reliance on compute and “shift focus to the higher margin networking business,” Mohan said in …
Full story available on Benzinga.com
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