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Fly News Breaks for August 7, 2019
Aug 7, 2019 | 18:04 EDT
Barclays analyst Tim Long initiated HP Enterprise with an Equal Weight rating and a price target of $14. The analyst is concerned with the challenging outlook for the server market after a strong 2018 with inventories being absorbed and DRAM prices falling, also noting that the company's market share in the space has declined about 7% over the past 2 years. Long further notes HP Enterprise's networking business having been impacted by poor execution.
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