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The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, on May 4, 2015. Jim Young/Reuters
Barclays analyst Tim Long upgraded Hewlett Packard Enterprise Co. to Overweight from Equal Weight with a price target of $20, up from $16. The price target implies a 23.9 percent upside.
Long believes the company’s core server and storage market is stabilizing and moving to as-a-service.
