This was the stock's fourth consecutive day of gains.

Hewlett Packard Enterprise (HPE) shares surged 5% after Barclays upgraded the stock to overweight from equal weight, raising the price target to $24 from $20. Barclays says HPE stock does not have what it calls an "AI premium" seen with other tech names,

Key Takeaways U.S. equities were mixed at midday after both the Dow and S&P 500 closed at record highs yesterday.Hewlett Packard Enterprise was upgraded by Barclays on its strength in AI.General Motors and Ford Motor were downgraded by Morgan Stanley on Chinese compeition.

Hewlett Packard (HPE) stock is higher after Barclays upgraded it to "overweight" and hiked its price target $24

This was the stock's second consecutive day of gains.

Shares of Hewlett Packard Enterprise rose some 4.2% Thursday afternoon. Wednesday's 50 basis point rate cut signals aggressive easing, impacting companies like Hewlett Packard Enterprise.

Hewlett Packard Enterprise tumbled after the business IT firm announced a $1.35 billion mandatory convertible preferred stock offering.

The stock market is trading slightly lower at midday, with the S&P 500 down 0.2% and the tech-heavy Nasdaq Composite flat. The Dow Jones Industrial Average declined 0.6%, while the Russell 2000 dropped 1%.