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Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3454  
Subject: Upgrade Date: 10/23/2010 10:01 AM
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Juniper: Oppenheimer Upgrades
http://bit.ly/bUjLpL


Oppenheimer analyst Ittai Kidron this morning raised his rating on Juniper Networks (JNPR) to Outperform from Perform, setting a $36 price target. The stock closed yesterday at $30.54. The upgrade follows the company’s Q3 earnings report yesterday after the close.

“Juniper reported in-line Q3 results and Q4 guidance, and while the lack of sales upside may be disappointing, it primarily reflects timing rather than underlying demand weakness,” he writes in a research note. Kidron contends the company has “a good chance of achieving its 20% growth target.”

Adds Kidron: “We like Juniper’s growth profile ahead of a favorable product cycle, share gain potential and margin expansion opportunities. We would take the opportunity to buy Juniper on weakness and establish a long-term position.”
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