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Fly News Breaks for December 12, 2019
HPE
Dec 12, 2019 | 08:13 EDT
Deutsche Bank analyst Jeriel Ong initiated coverage of HP Enterprise with a Buy rating and $19 price target. The analyst believes in the company's long-term growth story, which he says "paints a picture" of $2.20 or more in earnings per share by fiscal 2023. HP Enterprise's eore revenue declines are likely overstated and its current valuation "provides a good floor," Ong tells investors in a research note.
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