Juniper downgraded to Outperform from Strong Buy at Raymond James

Raymond James analyst Simon Leopold downgraded Juniper to Outperform from Strong Buy with a price target of $37, down from $38.The analyst expects improvement in 2024, but says deferrals and increased customer scrutiny on their own free cash flow pushes Juniper’s revenue out. A lack of catalysts and prospects of negative estimate revisions will likely pressure the shares in the near-term, the analyst tells investors in a research note.