Juniper upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded Juniper Networks to Outperform from In Line with a price target of $38, up from $34. While the macro environment remains challenging Juniper should see sales stability given its "healthy: backlog and Mist/Enterprise ramps, the analyst tells investors in a research note. The "bigger upside lever" should be expanding margins through 2023 and beyond that could drive its earnings per share run-rate to $3.00-plus in 2024, says the firm. Evercore believes Juniper is well positioned to deliver better than expected results in both the near and long term.