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Juniper Becoming a Data Center Switching Force, Says BMO

Shares of networker Juniper Networks (JNPR) are up 59 cents, or 2%, at $29.04, after BMO Capital’s Tim Long this morning raised his rating on the shares to Outperform from Market Perform, writing that after lagging the market this year, it is “ripe for a turnaround” as its role in cloud computing switching comes into focus.

Juniper stock is up 2.5% this year, versus a 14.6% rise for the Nasdaq Composite Index. Long raises his price target to $34 from $31.

"We believe the recent strength in switching is...