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HPE

HP Enterprise

$22.87

-0.25 (-1.08%)

, CSCO

Cisco

$29.89

-0.16 (-0.53%)

07:35
11/23/16
11/23
07:35
11/23/16
07:35

Oppenheimer remains positive on HP Enterprise after results

Oppenheimer analyst Ittai Kidron notes that HP Enterprise (HPE) reported mixed results and says the macro and secular strains experienced by Cisco (CSCO) seem to have impacted the company as well. Nonetheless, the analyst believes HP Enterprise continues on its march to unlock value, and its two spin-offs remain on track. While he is positive long term and believes valuation is attractive, Kidron sees limited near-term upside given the challenges in the core EG business. The analyst reiterates an Outperform rating and $25 price target on HP Enterprise's shares.

HPE

HP Enterprise

$22.87

-0.25 (-1.08%)

CSCO

Cisco

$29.89

-0.16 (-0.53%)

  • 29

    Nov

  • 08

    Dec

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    Dec

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    Dec

HPE HP Enterprise
$22.87

-0.25 (-1.08%)

11/18/16
11/18/16
UPGRADE
Target $29

Outperform
HP Enterprise upgraded to Outperform ahead of spinoff at Raymond James
As previously reported, Raymond James upgraded HP Enterprise to Outperform from Market Perform with a $29 price target. Analyst Simon Leopold believes spinoff of its Enterprise Service and Software businesses will unlock value and said checks have been positively biased in North American enterprises and Federal verticals. The analyst said the rating change is not a call on the quarter and expects results to be largely in line when the company reports on November 22.
11/18/16
11/18/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) upgraded to Outperform from Market Perform at Raymond James with analyst Simon Leopold saying he believes the spinoff of its Enterprise Service and Software businesses will unlock value and said checks have been positively biased in North American enterprises and Federal verticals. 2. Exelon (EXC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Stephen Byrd saying Exelon offers attractive growth at a compelling valuation with meaningful ROE improvement at acquired utilities. 3. Goldman Sachs (GS) upgraded to Outperform from Neutral at Macquarie with saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Hain Celestial (HAIN) upgraded to Neutral from Underperform at BofA/Merrill and to Neutral from Underweight at Atlantic Equities. 5. FleetCor (FLT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Willi saying the 13% selloff since the company's third quarter results on November 1 is overdone and presents a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/23/16
SBSH
11/23/16
NO CHANGE
Target $27
SBSH
Buy
HP Enterprise price target raised to $27 from $25 at Citi
Citi analyst Jim Suva raised his price target for HP Enterprise to $27 and keeps a Buy rating on the shares following the company's Q4 results. The stock is trading at a "big" discount to peers and its outlook is unchanged, Suva tells investors in a research note.
11/23/16
UBSW
11/23/16
NO CHANGE
Target $26
UBSW
Buy
HP Enterprise remains inexpensive, says UBS
UBS analyst Steven Milunovich said HP Enterprise shares remain inexpensive following Q4 results. The analyst cited improving growth and low valuation despite disappointing declines in servers, storage, and networking. The positives were improved margins and solid outlook. Milunovich reiterated his Buy rating and raised his price target to $26 from $24.50 on HP Enterprise shares.
CSCO Cisco
$29.89

-0.16 (-0.53%)

11/18/16
STFL
11/18/16
INITIATION
STFL
Hold
Cisco coverage resumed with a Hold at Stifel
Stifel analyst Aaron Rakers resumed coverage of Cisco with a Hold rating, saying that he thinks that the stock is nearing its fair value. Target $34.
11/18/16
11/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/16
PIPR
11/22/16
NO CHANGE
Target $178
PIPR
Overweight
Palo Alto Networks still posting 31% revenue growth, says Piper Jaffray
Piper Jaffray analyst Andrew Nowinski points out that despite the "disappointing" Q1 results, Palo Alto Networks (PANW) is still generating 31% revenue growth, which is three-times above closest competitor Cisco (CSCO). He recommends investors hold the stock through the selling pressure. Nowinski lowered his price target for Palo Alto shares to $178 from $184 and keeps an Overweight rating on the name.
11/22/16
SBSH
11/22/16
NO CHANGE
Target $105
SBSH
Buy
Arista Networks price target raised to $105 from $91 at Citi
Citi analyst Stanley Kovler raised his price target for Arista Networks (ANET) to $105 after the company announced that the International Trade Commission accepted its software workaround related to its patent infringement case with Cisco (CSCO). Arista's Q4 gross margin outlook is now likely de-risked, Kovler tells investors in a research note. He keeps a Buy rating on Arista shares.

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WNS Holdings

$45.28

2.31 (5.38%)

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SOGO

Sogou

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RXN

Rexnord

$27.56

-0.07 (-0.25%)

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TRS

TriMas

$26.78

-0.175 (-0.65%)

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CGNX

Cognex

$68.27

-0.12 (-0.18%)

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06:12
Initiation
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  • 15

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UN

Unilever; also tag UL

$56.76

0.24 (0.42%)

, UL

Unilever; also tag UN

$55.87

0.14 (0.25%)

06:11
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06:11
Periodicals
Unilever recently decided against $2B purchase of Halo Top, NY Post reports »

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  • 25

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AXP

American Express

$99.86

-0.9 (-0.89%)

06:10
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06:10
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American Express analyst commentary  »

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

06:09
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Periodicals
Amazon's review of Toronto could raise tension with Trump, Reuters reports »

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

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HSBC

HSBC

$55.39

-0.23 (-0.41%)

06:06
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Hot Stocks
HSBC agrees to pay more than $100M to resolve fraud charges »

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TEAM

Atlassian

$55.60

0.73 (1.33%)

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  • 26

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STI

SunTrust

$67.94

-0.41 (-0.60%)

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Earnings
SunTrust reports Q4 EPS with items $1.48, consensus $1.05 »

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  • 19

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RF

Regions Financial

$18.15

-0.21 (-1.14%)

06:02
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Breaking Hot Stocks news story on Regions Financial »

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RF

Regions Financial

$18.15

-0.21 (-1.14%)

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Hot Stocks
Regions Financial reports Q4 net interest margin 3.32% »

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RF

Regions Financial

$18.15

-0.21 (-1.14%)

06:00
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Earnings
Regions Financial reports Q4 cont ops EPS 27c, consensus 26c »

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  • 19

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MWA

Mueller Water

$12.28

-0.06 (-0.49%)

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OBLN

Obalon Therapeutics

$6.14

-0.725 (-10.56%)

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Syndicate
Obalon Therapeutics 5.455M share Secondary priced at $5.50 »

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GDEN

Golden Entertainment

$28.21

-0.6 (-2.08%)

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Golden Entertainment 6.5M share Secondary priced at $28.00 »

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  • 19

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AGIO

Agios Pharmaceuticals

$68.15

-2.18 (-3.10%)

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  • 26

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AAPL

Apple

$179.26

0.16 (0.09%)

05:55
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Periodicals
S. Korean consumer group files criminal complaint against Apple CEO, CNBC says »

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  • 01

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AVT

Avnet

$41.32

-0.33 (-0.79%)

05:54
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Upgrade
Avnet rating change  »

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  • 25

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FCAU

Fiat Chrysler

$23.40

0.28 (1.21%)

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Upgrade
Fiat Chrysler rating change  »

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DANOY

Danone

$17.06

0.085 (0.50%)

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Upgrade
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WNS

WNS Holdings

$45.28

2.31 (5.38%)

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BK

BNY Mellon

$55.35

-2.54 (-4.39%)

05:53
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Upgrade
BNY Mellon rating change  »

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  • 08

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