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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 09:08 EDT
Loop Capital analyst Ananda Baruah lowered the firm's price target on HP Enterprise to $16 from $20 but keeps a Buy rating on the shares after its Q1 results. The analyst notes that the magnitude of the revenue decline and the concentration in the company's core compute business will lead investors to question its normalized growth trends, even though the management is aiming to deliver "seasonal revenue" in its Q2 report while remaining committed to generating normalized structural revenue growth.
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