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UPDATE: Citigroup Reiterates on Juniper Networks Following IOP Announcement

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Short Interest On The Rise In Akamai Technologies And Juniper Networks
Earnings Scheduled For April 28, 2016

In a report published Friday, Citigroup analyst Ehud Gelblum reiterated a Neutral rating on Juniper Networks (NYSE: JNPR), and raised the price target from $27.00 to $28.00.

In the report, Citigroup noted, “Thurs after the close, Juniper announced new CEO Shaygan Kheradpir's much anticipated Integrated Operating Plan (IOP), in response to the ‘Value Plan' activist investor Elliott Management proposed in mid-January. We expected the announcement before Juniper's Board nomination period closes on Feb 23.”

Juniper Networks closed on Thursday at $27.41.

Latest Ratings for JNPR

DateFirmActionFromTo
Apr 2016UBSDowngradesBuyNeutral
Apr 2016BairdMaintainsNeutral
Mar 2016SunTrust Robinson HumphreyDowngradesNeutralReduce

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Posted-In: Citigroup Ehud GelblumAnalyst Color Price Target Analyst Ratings

 

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