JP Morgan upgraded Juniper Networks 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in