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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Juniper Networks

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In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Juniper Networks (NYSE: JNPR), and raised its price target from $19.75 to $21.00.

Jefferies noted, “Juniper's Q3 results were better than expected. December quarter guidance was slightly below expectations overall. We're not concerned as we believe the organization has established a pattern of providing overly conservative projections – Q4 will be the fourth quarter in a row in this regard.”

Juniper Networks closed on Tuesday at $17.57.

Latest Ratings for JNPR

DateFirmActionFromTo
Jul 2016CitigroupMaintainsNeutral
Jul 2016Deutsche BankDowngradesBuyHold
May 2016William BlairDowngradesOutperformMarket Perform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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