SunTrust Downgrades Juniper Networks From Neutral To Reduce

SunTrust Robinson Humphrey’s Inder Singh downgraded the rating for Juniper Networks, Inc JNPR from Neutral to Reduce, while reducing the price target from $25 to $22, citing several headwinds.

Analyst Inder Singh cited several headwinds expected to have a negative impact on Juniper Networks’ performance. These include increased competition in the service provider vertical due to the partnership between Cisco Systems, Inc. CSCO and Ericsson (ADR) ERIC and the merger of Nokia Corporation (ADR) NOK and Alcatel Lucent SA (ADR) ALU.

Increased network virtualization among service providers is also exerting pressure on routing sales, Singh said. He added that Juniper Networks’ stock is expensive, following the recent run-up in shares.