HPE Stock Jumps After Morgan Stanley Upgrade — Analyst Admits ‘We’ve Been On The Wrong Side’ Of The Enterprise Hardware Trade
Morgan Stanley also upgraded its broader U.S. IT Hardware industry view to In-Line from Cautious, citing evidence that the current hardware cycle is being driven by refreshes, pull-forwards and AI demand. Morgan Stanley upgraded HPE to ‘Overweight’ from ‘Equal Weight’, while lowering the price target to $69 from $71, which still implies an upside potential … Read more