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Fly News Breaks for March 4, 2020
HPE
Mar 4, 2020 | 08:23 EDT
Morgan Stanley analyst Katy Huberty lowered the firm's price target on HP Enterprise to $16 from $18 following the company's Q1 and FY20 revenue shortfall "disappointment," telling investors that "revenue growth matters most for the stock." While the company's EPS guidance is unchanged due to more cost cuts, its free cash flow will be pressured by working capital, noted Huberty, who keeps an Equal Weight rating on HP Enterprise shares.
News For HPE From the Last 2 Days
HPE
May 27, 2020 | 10:06 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) downgraded to Hold from Buy at Argus with analyst Jim Kelleher saying as the company aim to address new and existing competitive threats, the aggressive cost-cutting measures risk "cutting into muscle." 2. Pearson (PSO) downgraded to Sell from Hold at Berenberg with analyst Sarah Simon saying she expects "severe disruption" to college enrollments in 2020 due to the COVID-19 and now assumes a 10% decline in the fall for Pearson. 3. Hyatt (H) downgraded to Neutral from Outperform at Baird with analyst Michael Bellisario saying the stock has rebounded some as cities and states have reopened but the higher profit segments of the industry have note reopened including business travel and group convention business. 4. Pinterest (PINS) downgraded to Hold from Buy at Argus with analyst Jim Kelleher saying the company reported slower U.S. user growth of 6% in Q1 as investors anticipated Pinterest to grow its user base more rapidly due to COVID-19's shelter in place. 5. Merus (MRUS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Brian Abrahams citing the recent discontinuation of the company's key potential value driver MCLA-117 after a "long early clinical development path" due to insufficient activity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HPE
May 27, 2020 | 09:59 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ON THE SIDELINES... To see the rest of the story go to thefly.com. See Story Here
HPE
May 26, 2020 | 10:08 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster citing valuation. 2. Southwest (LUV) upgraded to Buy from Neutral at UBS with analyst Myles Walton saying the path for a domestic travel recovery is clearer. 3. LyondellBasell (LYB) upgraded to Buy from Hold at Deutsche Bank with analyst David Begleiter saying he sees potential upside of 20% in the shares as the outlook for the U.S. polyethylene market has "improved significantly" over the past month. 4. Regeneron (REGN) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Jim Birchenough citing a review of recent progress and on an improved outlook for key products EYLEA, DUPIXENT and LIBTAYO plus earlier pipeline progress. 5. iRobot (IRBT) upgraded to Neutral from Underweight at JPMorgan with analyst Mark Strouse saying he sees "several mild positive developments" recently, including iRobot's technology licensing deal with Ecovacs, that he believes could help fill some holes in the product lineup in certain geographies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HPE
May 26, 2020 | 10:02 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. REMDESIVIR COMMERCIAL PROSPECTS:... To see the rest of the story go to thefly.com. See Story Here
HPE
May 26, 2020 | 04:41 EDT
JPMorgan analyst Paul Coster upgraded HP Enterprise to Neutral from Underweight with an $11 price target. The analyst cites valuation for the upgrade.