Analysts Are Downgrading These 5 Stocks

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 43

Hewlett Packard Enterprise Company (NYSE:HPE) recently received a downgrade from Deutsche Bank. The research firm lowered its ratings for the Palo Alto-based information technology company from “Buy” to “Hold,” besides cutting its price target for the stock from $18 per share to $16 per share.

Deutsche Bank analyst Sidney Ho expressed concerns over demand in the IT hardware space. Ho believes that supply disruptions are weighing on near-term sales and margins of Hewlett Packard Enterprise Company (NYSE:HPE). The analyst also expects weak spending from software and semiconductor firms.