Morgan Stanley Maintains Underweight on Hewlett Packard, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Underweight rating on Hewlett Packard (NYSE:HPE) but increased the price target from $15 to $16.
November 29, 2023 | 3:24 pm
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Morgan Stanley analyst reaffirms Underweight rating on HPE but raises price target from $15 to $16.
While the increase in price target could be seen as a positive signal, the Underweight rating suggests that Morgan Stanley does not expect HPE's stock to perform well in the market. The mixed message may lead to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100