Morgan Stanley Maintains Underweight on Hewlett Packard, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an 'Underweight' rating on Hewlett Packard (NYSE:HPE) and raised the price target from $14 to $15.
August 30, 2023 | 2:14 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Hewlett Packard, indicating a negative outlook. However, the price target has been raised from $14 to $15.
The 'Underweight' rating suggests that Morgan Stanley expects HPE's stock to underperform compared to other stocks. However, the increase in price target indicates a slightly more positive outlook than before. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100