UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Aruba Networks on Strong Fiscal Q2 Results
In a report published Friday, Jefferies reiterated its Hold rating on Aruba Networks (NASDAQ: ARUN), and raised its price target from $18.00 to $24.75.
Jefferies noted, “Aruba Networks reported impressive fiscal Q2'13 revenue and EPS results; however, we still believe the risk/reward is fairly balanced.”
Aruba Networks closed on Thursday at $20.80.
Latest Ratings for ARUN
|Mar 2015||Imperial Capital||Downgrades||Outperform||In-Line|
|Mar 2015||Stifel Nicolaus||Downgrades||Buy||Hold|
|Mar 2015||Raymond James||Downgrades||Outperform||Market Perform|
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