Juniper Gains 6.6% on Initiation
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%.
