Piper Sandler lowered the firm’s price target on Juniper to $28 from $32 and keeps a Neutral rating on the shares. While the company’s Q2 results were slightly above expectations, weakness in lead metrics, Q3 guidance missing, and the fiscal 2024 outlok being cut are causing the shares to fall, the analyst tells investors in a research note. Piper says Juniper’s valuation helps support the shares despite the numbers cut.
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