Market Overview

UPDATE: Deutsche Bank Raises PT to $22 on Cisco Systems on In-Line Q1

Share:
Related CSCO
Stocks Climb as Some Traders Anticipate Bullish Testimony from Fed's Yellen
Keep An Eye On These 10 Stocks For February 10, 2016
Hopes For Accommodative Fed Yellen Testimony Lend Strength To Stocks (Seeking Alpha)

Deutsche Bank reiterated its Buy rating on Cisco Systems (NASDAQ: CSCO) and raised its price target from $21 to $22.

Deutsche Bank commented, "The inline Q1 guide ($12.05B / $0.47 on the mid point); B/B below 1.0x is indicative of gradually improving IT spending trends, heading into CY13; noted in strength of the US Enterprise and Telco orders. We see Cisco as a fundamentally sound business; exposed to solid growth themes: BYOD, 4G/WiFi, Private Clouds, etc and see modest out-performance in the stock, based on potential for modest upside to view from the product cycle themes."

Cisco Systems closed at $16.85 on Tuesday.

Latest Ratings for CSCO

DateFirmActionFromTo
Feb 2016UBSMaintainsBuy
Feb 2016MacquarieUpgradesUnderperformNeutral
Feb 2016Goldman SachsDowngradesConviction BuyBuy

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (CSCO)

Get Benzinga's Newsletters