UPDATE: Piper Jaffray Downgrades Juniper Networks to Neutral, Makes Valuation Call

Piper Jaffray downgraded Juniper Networks (NYSE: JNPR ) from Overweight to Neutral and maintained a $28 price target. Troy Jensen, analyst at PiperJaffray, believes “current valuation reflects all near-term accretion” and margin expansion is “unlikely." Something from the note which may be concerning to growth investors, Jensen expects top-line sales