Bernstein raised the firm’s price target on HP Enterprise (HPE) to $21 from $19 and keeps a Market Perform rating on the shares. HP Enterprise’s Q4 results were modestly better than consensus, and the company expects to close its acquisition of Juniper (JNPR) early next year, the analyst tells investors in a research note. The firm “applauds” HP Enterprise for strong operating expense controls, but notes that its R&D declined 10% for the full year and10% sequentially, which seems “incompatible with the company’s focus on innovation.”
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Read More on HPE:
- HP Enterprise price target raised to $27 from $24 at Barclays
- HP Enterprise price target raised to $25 from $22 at Stifel
- Hewlett Packard Enterprise Reports Strong Q4 Results
- Closing Bell Movers: Lululemon jumps 9% after beat and raise
- HPE Earnings: Hewlett Packard Enterprise Results Beat on the Top and Bottom Lines
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
