Hewlett Packard Enterprise gains after brokerage upgrades to 'strong buy'
** Shares of AI server maker Hewlett Packard Enterprise HPE.N rise 1.7% to $21.42 premarket
** Raymond James upgrades stock to "strong buy" from "outperform," raises PT to $29 from $23, which represents an upside of ~38% to stock's last close
** Brokerage expects an in-line quarter when HPE reports Q4 results on Dec. 6, with risk from the federal vertical coupled with improved growth in FY25
** Expects Juniper deal to close on schedule and improve growth prospects - brokerage
** Although HPE lags peer Dell Technologies DELL.N, but it seems to have a broader and more diverse customer base, which reduces volatility - brokerage
** 8 of 18 brokerages rate the stock "buy" or higher, 10 "hold" and their median PT is $22 - LSEG data
** Up to last close, stock had risen ~24% this year
Reporting by Jaspreet Singh in Bengaluru
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