HPE Price Target Lowered to $23 on Cyclical Concerns

We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 18, Morgan Stanley analyst Erik Woodring lowered the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $23 from $25 and maintained an Equal Weight rating. While the firm anticipates “a solid, if not good,” January quarter and April quarter outlook from off-cycle hardware names, it is increasingly cautious on the memory backdrop, reflecting concerns around potential cyclical moderation wi ...