Fly News Breaks for May 17, 2019
HPE, CRAY
May 17, 2019 | 12:01 EDT
Wells Fargo downgraded Cray (CRAY) to Market Perform from Outperform with an unchanged price target of $35 after the company reached a deal to be acquired by HP Enterprise (HPE). The firm, however, expects some investors to question why Cray shouldn't be able to command a higher premium than $35 per share given the recovery in the high-end supercomputing market.
News For CRAY;HPE From the Last 2 Days