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Fly News Breaks for August 29, 2019
HPE
Aug 29, 2019 | 07:21 EDT
Argus analyst Jim Kelleher upgraded HP Enterprise to Buy with a price target of $18 after its Q3 earnings beat and raised FY19 guidance delivered earlier this week. The analyst notes that the company is facing "top-line challenges" but its positive earnings comparisons imply an "improving" sales mix. Following a multi-year period of underperformance, Kelleher also contends that HP Enterprise is offering "unrecognized value" thanks to its stronger operating model going forward.
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