Juniper upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded Juniper (JNPR) to Outperform from In Line with a $40 price target as the firm sees two potential scenarios for Juniper going forward, with both resulting in upside to the current share price. If HP Enterprise (HPE) is successful in their bid, Juniper shareholders will end-up with $40 per share, or 15% upside. If HP Enterprise loses the DOJ trial, Juniper is an independent company and in that scenario the firm thinks there are “a host of fundamental levers” that would make Juniper a good stock in 2025, says the analyst, who adds: “With or without HPE offer we think the stock is likely to work higher.”