Analyst: Hewlett Packard Stock Is Best Sector Play

Hewlett Packard Enterprise Co (NYSE:HPE) stock is up 2.7% in premarket trading, after Barclays upgraded it to "overweight" from "equal weight" and hiked its price target from $20 to $24 -- a 27.1% premium to last night's close. In its bull note, Barclays said HPE is the best pick amid a rebounding enterprise server market. The tech stock just bounced off the $16 level, which acted as resistance earlier this year. A bull gap helped Hewlett Packard stock notch a June 18, record high of $22.82, and more recent ...