Analyst Alerts: Juniper Networks, Procter & Gamble, Micron Technology, Zynga June 13th
Juniper Networks, Inc. (NYSE:JNPR): Jefferies says Juniper’s analyst day yesterday was worse than feared and that it likes the stock at current levels. The firm maintains a Buy rating on the name with a $27.50 price target.
Procter & Gamble Co. (NYSE:PG): Bernstein said Procter & Gamble’s execution has fallen flat and believes if its unable to improve its prospects over the next several quarters it should consider a potential break-up. Shares are Outperform rated with a $70 price target.
Micron Technology Inc. (NASDAQ:MU): Jefferies believes shares of Micron are pricing in an earnings miss for Q2 but not higher gross margins in the second half of 2012 and 2013 from stronger DRAM market prices. The firm recommends buying the stock, especially on weakness, and keeps a Buy rating on the name with an $11 price target.
Zynga (NASDAQ:ZNGA): JPMorgan lowered its price target for shares of Zynga but reiterates an Overweight rating on the stock. The firm believes bookings growth can reaccelerate through 2012 and points out that the staggered lock-up expirations end in August.
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