Wedbush Securities Raises Price Target On Juniper Networks As Focus Shifts To Organic Growth

In a report published Wednesday, Wedbush Securities analyst Scott Thompson reiterated a Neutral rating on

, and raised the price target from $23.00 to $24.00. In the report, Wedbush Securities noted, “JNPR pulls together another Q beat. During 4Q14, JNPR extended its carefully orchestrated balancing act of supporting a challenged business with aggressive cash return strategy to produce a solid EPS beat in 4Q14. For 1H15, we expect investors' focus will be focused primarily on the potential for organic growth to replace earnings growth propelled by share repurchases over the past year.” Juniper Networks closed on Tuesday at $21.83.