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

, 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.