Mon Sep 23 21:28:42 UTC 2024: ## Citigroup Starts Coverage of Hewlett Packard Enterprise, Sets Neutral Rating and $20 Target
**NEW YORK, NY -** In a research note released Monday, Citigroup analysts initiated coverage of Hewlett Packard Enterprise (HPE) stock, assigning a neutral rating and a $20 price target. The firm’s analysts believe that HPE’s stock is currently fairly valued, indicating their expectation for the stock to perform in line with the broader market.
Citigroup’s analysts did not disclose specific reasons for their rating and price target, but their decision provides investors with an initial assessment of HPE’s future prospects. The analysts’ neutral rating suggests that they are not anticipating significant upside or downside potential in HPE’s stock price in the near future.
Investors will be closely monitoring HPE’s performance in the coming months to see if it meets or surpasses Citigroup’s expectations.
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