Morgan Stanley upgrades HPE to Overweight; premarket shares surge 5%

1. 1Morgan Stanley upgraded HP Enterprise (HPE) from Equal-Weight to Overweight, sending its shares soaring 5% in Monday premarket trading.
2. 2Based on Friday's closing price of $53.22, the $69 price target implies roughly 30% upside.
3. 3Morgan Stanley argued that Wall Street is undervaluing HPE, citing the stabilization of the Juniper acquisition and upside in servers, storage, and networking.

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