🔴 Hewlett Packard Enterprise is trading 6% down today after Barclays downgraded shares and cut its target

Hewlett Packard Enterprise is trading 6.02% down at $64.67 after Barclays downgraded it to Equal Weight from Overweight and cut its target.

• On October 14, Barclays cut its target to $77 from $83, citing less upside after a strong rally and an improved business mix already reflected in valuation.
• Barclays flagged potential server and storage pressure as memory prices normalize. An earlier Evercore ISI valuation downgrade preceded the drop; modest, mixed index moves do not indicate a broad-market cause.