Will This Price Target Decrease Hurt Junipers Network (JNPR) Stock Today?

Story updated at 10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- UBS cut its price target for Juniper Networks (JNPR) to $29 Wednesday.

Juniper Networks fell -11.2% to $22.04 in morning trading.

The analyst firm reiterated its "buy" rating for the stock. Juniper's miss is attributes to project delays at U.S. service providers according to UBS analysts.

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Separately, TheStreet Ratings team rates JUNIPER NETWORKS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate JUNIPER NETWORKS INC (JNPR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

JNPR ChartJNPR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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