Juniper downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Samik Chatterjee downgraded Juniper Networks to Neutral from Overweight with a price target of $29, down from $32. Cloud and service provider headwinds position Juniper for downside earnings risk and a pullback in the stock’s valuation multiple, the analyst tells investors in a research note. The firm remains optimistic about Juniper’s growth opportunity in the enterprise, but says its lack of leverage hyperscale investments in artificial intelligence infrastructure over the medium term make it the most challenged among the three primary networking companies.