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Hewlett Packard Enterprise (NYSE:HPE) was Lowered by UBS from a “Buy” Rating to “Neutral” One with $15.0 TP

UBS Analyst Rating Change Hewlett Packard Enterprise NYSE:HPE

Hewlett Packard Enterprise (NYSE:HPE) Downgrade of Rating

New York-listed Hewlett Packard Enterprise (NYSE:HPE), was downgraded by professional analysts at UBS. UBS downgraded its rating on the $22.83B market cap company to “Neutral” from a previous “Buy”, but maintained its target price of $15.0 on HPE shares.

According to data compiled by Thomson Reuters, Hewlett Packard Enterprise (NYSE:HPE)’s stock is covered by 23 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $20.11, which reflects an upside potential of 42.62% over the current price.

HPE Stock Chart

Hewlett Packard Enterprise (NYSE:HPE) Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Hewlett Packard Enterprise (NYSE:HPE) traded up 1.73% on 20 October, hitting $14.1. A total of 6.01M shares of the company’s stock traded hands. This is down from average of 14.76M shares. Hewlett Packard Enterprise has a 52 week low of $12.97 and a 52 week high of $19.16. The company has a market cap of $22.83B and a P/E ratio of 76.23.

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The post Hewlett Packard Enterprise (NYSE:HPE) was Lowered by UBS from a “Buy” Rating to “Neutral” One with $15.0 TP appeared first on Octafinance.



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Hewlett Packard Enterprise (NYSE:HPE) was Lowered by UBS from a “Buy” Rating to “Neutral” One with $15.0 TP

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