From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 1m 20s
Hewlett Packard Enterprise Jumps 5.8% After Daiwa Capital Upgrades
Hewlett Packard Enterprise shares surge 5.8% following eight analyst upgrades and price target increases.
In brief
Hewlett Packard Enterprise shares surge 5.8% following eight analyst upgrades and price target increases. Hewlett Packard Enterprise's stock rose 5.8% to $68.31 after eight analysts raised price targets, with an average increase of 10.8% from prior estimates. Originally reported by Alphastreet - Earnings Decoded…
Hewlett Packard Enterprise Surges
Hewlett Packard Enterprise surged 5.8% to $68.31 on Friday as a wave of eight analyst upgrades and price target increases signaled renewed Wall Street confidence in the communication equipment maker.
Analyst Upgrades
Citigroup led the charge with a Buy rating and a price target increase from $76 to $92, the most aggressive call among the group.
Additional Upgrades
Barclays raised its Overweight-rated target from $79 to $83, while Morgan Stanley lifted its Overweight target from $67 to $72.
Daiwa Capital's Move
Daiwa Capital moved its Outperform target from $65 to $75, and Truist Securities increased its Buy-rated target from $70 to $75.
Conservative Analysts
UBS raised its Neutral target from $59 to $66, Evercore ISI Group bumped its In-Line target from $65 to $67, and Wells Fargo lifted its Equal-Weight target from $54 to $63.
Average Target
The average new price target across all eight firms stands at $74, representing an average increase of 10.8% from prior targets.
In short
Hewlett Packard Enterprise's stock rose 5.8% to $68.31 after eight analysts raised price targets, with an average increase of 10.8% from prior estimates.
