JPMorgan ups Juniper target, adds to Analyst Focus List

JPMorgan analyst Samik Chatterjee raised the firm’s price target on Juniper to $42 from $39 and keeps an Overweight rating on the shares. The analyst also added the shares to JPMorgan’s Analyst Focus List. His 2023 networking and hardware outlook includes a shorter term six-month view on stock recommendations. Chatterjee prefers the combination of revenue/earnings resilience, backlog led visibility into revenues, and diversification of growth drivers within his coverage universe. This leads him to recommend Juniper (JNPR) and Amphenol (APH) as top picks and Analyst Focus List recommendations, and Keysight (KEYS), Arista (ANET), CDW (CDW), and Fabrinet (FN) as other stock recommendations for the first half of 2023.