Juniper price target lowered to $32 from $37 at Cantor Cantor cut its price target on Juniper after the company reported in-line Q1 results. The firm thinks the company's results were "mediocre," and believes that investors' anticipation over the company's restructuring plan has ended. However, 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.