Market Overview

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

Share:
Related CSCO
What's Fueling Cybersecurity Stocks?
Here's Why Amazon's AWS Disclosure Hurts Cisco
Are You Paying Attention? (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
Apr 2015Goldman SachsUpgradesNeutralBuy
Feb 2015NomuraMaintainsBuy
Feb 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for CSCO
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CSCO)

Around the Web, We're Loving...