Argus upgrades Juniper to Buy, constructive on HP Enterprise deal

As previously reported, Argus analyst Jim Kelleher upgraded Juniper (JNPR) to Buy from Hold with a $40 price target. The firm cites the pending takeover by HP Enterprise (HPE) while noting that its stance on the deal is “more constructive”. The gap between the current Juniper price and the acquisition price is 13%, indicating a bit of uncertainty among investors that this deal will close on current terms, but the firm is more optimistic that the transaction will go through as planned, the analyst tells investors in a research note.