Evercore ISI is removing Juniper from the firm’s “Tactical Outperform” list as it is closing its tactical outperform call following Juniper’s March quarter earnings report. While the firm thinks there will remain noise around order growth/decline rates given difficult comparisons, it contends Juniper is “executing well on the fundamental side” and remains positioned to sustain high single digit sales and mid-teens EPS growth through calendar 2023 and 2024. Evercore has an Outperform rating and $38 price target on Juniper shares.
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