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Fly News Breaks for June 6, 2019
HPE
Jun 6, 2019 | 07:39 EDT
Evercore ISI analyst Amit Daryanani started HP Enterprise (HPE) with an Underperform rating and $14 price target, reflecting moderated growth momentum within the company's core product markets, declines in the company's networking and services businesses, and share losses to Dell (DELL). In a research note to investors, Daryanani says his slightly bearish near-term view on HP Enterprise is attributable to an incrementally more negative macro outlook, combined with share losses and the lack of a near-term catalyst for the stock.
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HPE
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