UPDATE: JP Morgan Upgrades Juniper Networks to Overweight on Improving Carrier CapEx
JP Morgan upgraded Juniper Networks (NYSE: JNPR) from Neutral to Overweight and raised the price target from $21.00 to $25.00.
JP Morgan noted, "Our CapEx analysis in our 2013 Networking Outlook suggests the sluggish carrier spending environment has bottomed and will improve in 2013. In addition, we believe Juniper is poised to benefit from multiple routing product cycles in 2013. Aggressive buybacks and more a proactive focus on operating leverage cement the buy case for us.
Juniper Networks closed at $20.98 on Wednesday.
Latest Ratings for JNPR
|Oct 2015||Barclays||Initiates Coverage on||Equalweight|
|Oct 2015||Citigroup||Initiates Coverage on||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.