Juniper upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Juniper with a $32 price target citing potential upside catalysts from activist investor Elliot's proposal. Opco believes Juniper has little time to prove Elliot wrong with eight of the company's 11 board members up for election later this month.
Juniper upgraded to Buy on new product cycles at BofA/Merrill As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.