HPE: share soars, boosted by broker upgrade

(CercleFinance.com) - Hewlett Packard Enterprise shares surged on Tuesday (+5.
6% at $18.2), buoyed by an upgrade from analysts at Bank of America.

The stock was buoyed by BofA's upgrade to 'buy' (from 'neutral'), with a target price of $24.

In a note, the investment bank anticipates 'numerous future catalysts' for the stock, including improved margins against a backdrop of falling costs, a turnaround in supercomputers and synergies from the merger with Juniper Networks.

It also believes that AI could be a growth driver for demand in the long term, while highlighting the group's solid positioning in liquid cooling distribution units.


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