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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 08:08 EDT
Maxim analyst Nehal Chokshi lowered the firm's price target on HP Enterprise to $14 from $18 and keeps a Hold rating on the shares after its in-line Q1 earnings and affirmed FY20 guidance. The analyst cites the absence of quarterly guidance from the management given the coronavirus related uncertainty as well as the 15% reduction in its FY20 free cash flow expectations due to supply chain pressure from the outbreak.