Barclays Maintains Equal-Weight Rating for Hewlett Packard: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating on Hewlett Packard (NYSE:HPE) but lowered its price target from $16.00 to $15.00. Despite this, HPE shares have risen 5.67% in the last 24 hours to $16.40. The new price target suggests a potential downside of 8.54% from the current price. Hewlett Packard Enterprise focuses on IT hardware and software for enterprises, aiming to be a comprehensive edge-to-cloud company.
November 29, 2023 | 5:00 pm
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Barclays maintains an Equal-Weight rating on HPE and lowers the price target to $15, indicating a potential 8.54% decline from the current price of $16.40.
The reduction in price target by Barclays, a major financial institution, could influence investor sentiment and lead to a negative short-term impact on HPE's stock price. However, the current upward trend in the stock price suggests a mixed reaction from the market, which may buffer some of the negative impact.
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