Wells Fargo Downgrades Hewlett Packard to Equal-Weight, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers downgraded Hewlett Packard (HPE) from Overweight to Equal-Weight and reduced the price target from $21 to $17.

March 01, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo downgraded Hewlett Packard from Overweight to Equal-Weight and lowered the price target from $21 to $17.
The downgrade by a major financial institution like Wells Fargo, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment towards HPE in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100