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Fly News Breaks for July 14, 2016
CSC, HPE
Jul 14, 2016 | 07:28 EDT
Oppenheimer analyst Ittai Kidron raised his price target for HP Enterprise (HPE) to $25 from $21 following the company's recent results, and the announcement of the spin-off of its Enterprise Services segment and its subsequent merger with CSC (CSC). The analyst believes HP Enterprise's shares offer "significant upside" as the attractiveness of the remaining business becomes visible post spin-off and reiterates an Outperform rating on the stock.
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