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.
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