Barclays analyst Tim Long raised the firm’s price target on HP Enterprise (HPE) to $27 from $24 and keeps an Overweight rating on the shares. The company reported a solid quarter but most of the attention will be on the lower reported artificial intelligence orders and backlog, the analyst tells investors in a research note. However, HP Enterprise is “clearly being more selective in that business,” says the firm. which is encouraged that its traditional servers and storage were better than expected.
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