Market Overview

Morgan Stanley Reiterates Overweight Rating, $22 PT on Cisco Systems

Share:
Related CSCO
Benzinga's M&A Chatter for Thursday July 23, 2015
Technicolor to Acquire Cisco Connected Devices Division for €550M in Cash, Stock
Robbins goes outside Cisco to appoint CTO, chief digital officer (Seeking Alpha)

In a report published Monday, Morgan Stanley reiterated its Overweight rating and $22.00 price target on Cisco Systems (NASDAQ: CSCO).

Morgan Stanley noted, “CEO Chambers was confident and upbeat at Cisco's NYC analyst day, and focused on how services and software help keep GM stable, while a tight grip on opex takes op margin to the ‘high 20s,' vs. current guidance of ”mid-20s,” matching our est. Stable rev, a 3%+ div yld, and reasonable val keep us OW.”

Cisco Systems closed on Friday at $19.34.

Latest Ratings for CSCO

DateFirmActionFromTo
Jun 2015Deutsche BankMaintainsBuy
Jun 2015WedbushMaintainsOutperform
Jun 2015NomuraInitiates Coverage onNeutral

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CSCO)

Get Benzinga's Newsletters