UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Names $22 PT on Aruba Networks on Anticipated Good October Quarter

In a report published Tuesday, Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating on

, and named a $22.00 price target. In the report, Morgan Stanley noted, “Our channel checks on ARUN suggest the company is setting up for a good Oct. qtr. With a lot of its Oct. qtr. business to be done in the next 2 weeks, we will continue to monitor results and seek visibility for the Jan. qtr.” Aruba Networks closed on Monday at $19.20.