Citigroup Initiates Coverage On Hewlett Packard with Neutral Rating, Announces Price Target of $18
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jim Suva has initiated coverage on Hewlett Packard (NYSE:HPE) with a Neutral rating and a price target of $18.

June 30, 2023 | 9:10 am
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NEUTRAL IMPACT
Citigroup has initiated coverage on Hewlett Packard with a Neutral rating and a price target of $18.
The initiation of coverage by Citigroup with a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $18 provides a reference point for investors, but does not necessarily suggest significant upside or downside. This news is highly relevant to HPE as it directly pertains to the company's stock. The importance is moderate as analyst ratings can influence investor sentiment and trading decisions. The confidence in this analysis is high as the information is clear and direct from the source.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100