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Fly News Breaks for April 13, 2016
JNPR
Apr 13, 2016 | 07:19 EDT
After Juniper preannounced weaker than expected Q1 results and the stock dropped, Bernstein says the stock has reached a good entry point. The firm says that Juniper's 2016 outlook "remains healthy." The firm thinks that analysts will reduce their 2016 earnings estimates for the company by just under 10%, while the company's full-year earnings could drop by only a few percentage points. Bernstein keeps a $31 price target and Outperform rating on the stock.
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