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Fly News Breaks for October 21, 2019
HPE
Oct 21, 2019 | 06:13 EDT
BofA/Merrill analyst Wamsi Mohan upgraded HP Enterprise two notches to Buy from Underperform with a $19 price target, saying the company's underlying trends are improving. The analyst cites the company's improved free cash flows, the focus of the management on more stable growth, and continued capital returns. Mohan is also positive on having less of HP Enterprise revenue tied to tier-1 server sales along with its stronger growth of Intelligent Edge/Aruba product and services offerings.
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