Nomura Securities Starts Juniper Networks (JNPR) at Neutral

Nomura Securities initiates coverage on Juniper Networks (NYSE: JNPR) with a Neutral rating and a price target of $28.00.

Analyst Jeffrey Kvaal commented, "Better capex, opex reductions, and a robust buyback have driven a sharp recovery in the shares from their 2H14 trough. Juniper is optimistic that its broad suite of products will drive the next leg—we are not yet willing to concur. We therefore launch with a Neutral rating and a $28 target price."

For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.

Shares of Juniper Networks closed at $27.25 yesterday.

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