Bernstein Downgrades Juniper Networks (JNPR) to Market Perform

Bernstein downgraded Juniper Networks (NYSE: JNPR) from Outperform to Market Perform with a price target of $33.00 (from $30.00).

Analyst Pierre Ferragu comments "Following cautious guidance and the resignation of the CFO, Juniper fell heavily in the first five weeks of 2016. However, the stock has rebounded ~30% since this point on the back of excellent execution and momentum in its
"cloud" business in recent quarters."

Ferragu sees limited upside potential going into 2017, noting shares are trading ~10% below fair valuation.

For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.

Shares of Juniper Networks closed at $28.86 Friday.

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