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HPE

HP Enterprise

$16.74

0.28 (1.70%)

09:12
08/29/18
08/29
09:12
08/29/18
09:12

HP Enterprise core business may remain under pressure, says BMO Capital

BMO Capital analyst Tim Long is lowering his price target on HP Enterprise to $18 from $19 with a maintained Market Perform rating, saying that while the company posted better than expected earnings yesterday, its core servers and storage could remain under pressure. The analyst also sees "no major catalysts" on the horizon for HP Enterprise outside of its capital program and diminished storage business transparency becoming an issue for shareholders. Given the competitive landscalpe, Long believes that further share gains for the company may be "difficult".

  • 05

    Sep

  • 12

    Sep

HPE HP Enterprise
$16.74

0.28 (1.70%)

08/21/18
BERN
08/21/18
DOWNGRADE
BERN
Market Perform
HP Enterprise downgraded to Market Perform from Outperform at Bernstein
08/21/18
08/21/18
DOWNGRADE
Target $18

Market Perform
HP Enterprise downgraded to Market Perform on balanced risk/reward at Bernstein
As previously reported, Bernstein analyst A.M. Sacconaghi, Jr. downgraded HP Enterprise to Market Perform from Outperform and lowered his price target on the shares to $18 from $20. Despite a robust IT spending environment, the analyst does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. Longer-term, Sacconaghi remains skeptical about whether HP Enterprise can sustainably grow revenues, given that the company remains an on-premise player in an increasingly off-premise world and has been a persistent share loser in servers, its most important business.
08/21/18
08/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Equal Weight from Overweight at Consumer Edge with the firm saying SEC issues and news headlines will leave shares "boxed-in" near-term. 2. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Bernstein with analyst A.M. Sacconaghi, Jr. saying despite a robust IT spending environment, he does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. 3. Fabrinet (FN) downgraded to Buy from Strong Buy at Needham with analyst Alex Henderson citing valuation. 4. Hudson Pacific (HPP) downgraded to Neutral from Outperform at Baird with analyst David Rodgers saying he sees downside risk in consensus estimates during both 2019 and 2020 and as a result, he believes it will be difficult to outperform. 5. Brixmor (BRX) downgraded to Neutral from Buy at Mizuho with analyst Haendel St. Juste citing share strength since mid-February and the near-term dilutive impact of the company's strategy shift to ramp up 2018 dispositions to capitalize on better than expected asset pricing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/29/18
LOOP
08/29/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise's NEXT underestimated by the Street, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise (HPE) after it reported another quarter of "beat and raise" results with an "attractive" operational component. The analyst believes that the Street is underestimating the company's NEXT initiative, adding that HP is better positioned than anticipated amid the buildout of "private / hybrid / public cloud", and in Edge computing. Baruah contends that the company has multiple catalysts for the next 2-3 years, with cost savings coming from NEXT and also its Microsoft (MSFT) cloud business no longer declining.

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