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Juniper Networks

(JNPR)

was up 6.6% in early trading after

Merrill Lynch

began coverage with an accumulate rating and set its 12- to 18-month price target at $110. Merrill said Juniper has emerged as one of the leading companies in the high-end router market.

Merrill also started

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TheStreet Recommends

Extreme Networks

(EXTR)

with an accumulate rating and set its target at $48. Extreme was up 12.8%.

Other network equipment companies were also rising, among them

Cisco Systems

(CSCO)

, which was ahead 3%.