Market Overview

UPDATE: Citigroup Reiterates on Juniper Networks Following IOP Announcement

Share:
Related JNPR
Benzinga's M&A Chatter for Tuesday June 7, 2016
Chowdhry: Amazon And Microsoft Make Palo Alto 'Irrelevant'

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
May 2016William BlairDowngradesOutperformMarket Perform
Apr 2016UBSDowngradesBuyNeutral
Apr 2016BairdMaintainsNeutral

View More Analyst Ratings for JNPR
View the Latest Analyst Ratings

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

 

Related Articles (JNPR)

View Comments and Join the Discussion!