Stifel Nicolaus is out with its report today on Juniper Networks JNPR, lowering its PT from $30 to $25.
In its report, Stifel Nicolaus writes, "Our checks show that Juniper's quarter is likely to come at least in line to
slightly better versus consensus estimates of $1.1 billion. Guidance for September was conservative at flat to down 4.5% sequentially. Additionally, the company had positive momentum in both U.S. and Asia. We continue to rate Juniper Buy, with a new target of $25 based on 16x 2012E
EPS."
At the time of posting, shares of JNPR were trading at $18.08, down 1.74% from Thursday's close.
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