Stifel Maintains Buy on Hewlett Packard, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Sheerin maintains a Buy rating on Hewlett Packard (HPE) but lowers the price target from $20 to $18.
March 01, 2024 | 1:57 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Hewlett Packard but lowers the price target from $20 to $18.
While the reduction in price target could suggest a more cautious outlook on HPE's short-term price performance, the maintenance of a Buy rating indicates a continued positive long-term view. The mixed signals may lead to neutral short-term price movement as investors weigh the lowered target against the reaffirmed confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100