Jefferies Downgrades Juniper Networks to Hold, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst George Notter has downgraded Juniper Networks (JNPR) from Buy to Hold while increasing the price target from $35 to $40.

January 11, 2024 | 12:14 pm
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NEUTRAL IMPACT
Juniper Networks was downgraded by Jefferies from Buy to Hold, although the price target was raised from $35 to $40.
The downgrade to Hold suggests that Jefferies sees limited upside potential or increased risk in the stock, which could lead to a neutral or slightly negative investor reaction. However, the increase in the price target to $40 indicates a belief that the stock still has the potential to grow, which could mitigate any negative impact from the downgrade. The mixed nature of this news makes the short-term impact on the stock price uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100