Hewlett Packard Enterprise is trading 10.2% down at $56.15 after Evercore ISI downgraded the shares from Outperform to In Line.
- Evercore ISI maintained its $65 price target.
- The firm cited valuation after the stock’s sharp appreciation, fewer near-term catalysts, and a multiple above its five-year average.
- Broader technology weakness is adding pressure, but the analyst action is the clearest company-specific catalyst.