Juniper price target raised to $30.50 from $26 at Cantor Cantor raised its price target on Juniper after Elliott Management announced that it had acquired a 6.2% stake in the company, and unveiled a plan it said would "unlock significant value." Cantor believes that Elliott's proposal can increase Juniper's multiple, and Cantor keeps a Buy rating on the stock.
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.