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Fly News Breaks for May 2, 2018
JNPR
May 2, 2018 | 06:51 EDT
Deutsche Bank analyst Vijay Bhagavath upgraded Juniper Networks to Hold from Sell and raised his price target for the shares to $23 from $20. The analyst believes the "sell Juniper" trade is largely in the review mirror as he's more positive on the company's product cycles in the second half of 2018. His updated thesis calls for a "range bound" stock in the near-term into the cloud routing, 5G and 400G switching cycles.
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