Juniper upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Juniper to Outperform after meeting with management citing the strong carrier spending environment. Wells believes Juniper is committed to achieving its targeted cost reduction initiatives and capital returns and raised its price target range for the stock to $30-$32 from $28-$30.
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.