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Topeka Capital Upgrades Juniper Networks (JNPR) to Buy

April 29, 2013 2:14 PM EDT Send to a Friend
Get Alerts JNPR Hot Sheet
Price: $24.86 -3.98%

Rating Summary:
    18 Buy, 26 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 20
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Topeka Capital upgraded Juniper Networks (NYSE: JNPR) from Hold to Buy with a price target of $21.00. Analyst Brian J. White called the stock hated, cheap, and a long-term winner.

"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," said White.

For an analyst ratings summary and ratings history on Juniper Networks (NYSE: JNPR) click here. For more ratings news on Juniper Networks click here.

Shares of Juniper Networks closed at $15.79 yesterday.




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Comments

Guess they must be selling
Bob on 2013-04-29 16:07:53
Mark as Spam | Reply to this comment

gotta love the market!


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