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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:28 EDT
Raymond James analyst Simon Leopold lowered the firm's price target on HP Enterprise to $17 from $19 and keeps an Outperform rating on the shares following the company's Q1 results with in-line EPS, light sales and a slightly reduced free cash flow forecast. Like others, continued challenges in the enterprise market were exasperated by the Covid-19 virus, Leopold tells investors in a research note. Macro/secular headwinds and execution challenges this quarter also present incremental risks, he adds.
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