UPDATE: Topeka Capital Markets Upgrades Juniper Networks to Buy, Reiterates $21 PT on Multiple Positive Factors

In a report published Tuesday, Topeka Capital Markets analyst Brian J. White upgraded the rating on Juniper Networks

from Hold to Buy, and reiterated the $21.00 price target. In the report, White noted, “Over the past two years, we have avoided placing a Buy rating on Juniper Networks; however, we believe valuation has become very attractive, the sentiment is overly negative, profit growth has returned and a new product cycle is on the horizon; therefore, we are upgrading our rating to Buy from Hold on the stock.” Juniper Networks closed on Monday at $16.06.