Juniper price target lowered to $35 from $38 at Citi

Citi analyst Atif Malik lowered the firm’s price target on Juniper to $35 from $38 and keeps a Buy rating on the shares post the Q2 results. While product bookings inflected double digit on enterprise artificial intelligence strength, the cloud business could be down double-digit year-over-year from prior 10% expectations on broad-based weakness, the analyst tells investors in a research note. The firm sees an attractive valuation at current share levels.