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UPDATE: JP Morgan Upgrades Juniper Networks to Overweight on Improving Carrier CapEx

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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

DateFirmActionFromTo
Nov 2016Goldman SachsMaintainsBuy
Nov 2016Morgan StanleyDowngradesEqual-WeightUnderweight
Jul 2016CitigroupMaintainsNeutral

View More Analyst Ratings for JNPR
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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