Alpha Diallo
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Juniper Networks Upgraded to Outperform by Wells Fargo

Shares of the network equipment maker Juniper Networks, Inc. (NYSE:JNPR) was upgraded by Wells Fargo from market perform to outperform. According to Wells Fargo, their meeting with Juniper’s CEO reinforced their assumption that the company has the right strategy on hand and product selections to succeed in 2014. In addition, Wells Fargo believes that Juniper is well positioned to benefit from a slayed increased in carrier spending for the fiscal year 2014.  Wells Fargo also cited Juniper’s movement into cloud services as reasons for the upgrade. The price target was raised to a range of $30-$32 a share from the prior target of $28-30 a share.