UPDATE: Morgan Stanley Reiterates On Aruba Networks On Anticipated Good October Quarter
In a report published Tuesday, Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating on Aruba Networks (NASDAQ: ARUN), and named a $22.00 price target.
In the report, Morgan Stanley noted, “Our channel checks on ARUN suggest the company is setting up for a good Oct. qtr. With a lot of its Oct. qtr. business to be done in the next 2 weeks, we will continue to monitor results and seek visibility for the Jan. qtr.”
Aruba Networks closed on Monday at $19.20.
Latest Ratings for ARUN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2015 | Imperial Capital | Downgrades | Outperform | In-Line |
| Mar 2015 | Citigroup | Maintains | Neutral | |
| Mar 2015 | Needham | Downgrades | Buy | Hold |
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Posted-In: James E. Faucette Morgan StanleyAnalyst Color Price Target Analyst Ratings
