Juniper Networks upgraded to Buy at Stifel Nicolaus; tgt $31 . Stifel Nicolaus upgrades JNPR to Buy from Hold and sets target price at $31. The firm notes that they came away from Juniper's analyst day less concerned about share losses to Cisco due to the new Trio chipset/MX-3D products and with better visibility on Juniper's plan for a wireless packet core product. The firm notes Cisco's new edge router, the ASR, has gained limited traction over the past 6 months, and while the ASR could certainly start delivering meaningful customer additions over the next 12 months, the firm believes that JNPR's MX-3D products have leapfrogged the ASR in scale and bandwidth capabilities. Furthermore, the firm notes that checks show that there is pent up demand for the MX-3D products, particularly at AT&T.
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