Market Overview

UPDATE: Wedbush Raises PT on Cisco Systems 'to Reflect Better Visibility'

Share:
Related CSCO
What's Fueling Cybersecurity Stocks?
Here's Why Amazon's AWS Disclosure Hurts Cisco
This Past Week In Telephone (Seeking Alpha)

In a report published on Friday, Wedbush analyst Rohit Chopra raised the price target on Cisco Systems (NASDAQ: CSCO) from $24 to $26 and reiterated an Outperform rating.

In the report, Wedbush stated, "On June 25/26, 2013, Cisco will host a two-day analyst event in Orlando, concurrent with its partner conference. We believe the key agenda items for the meeting will likely include a strategic and technology roadmap, a path to increasing the services capabilities and an introduction of new SDN products...While there are uncertainties given the volatile environment, we believe the stock is a solid name in networking that offers relative stability, and we think LT investors should be invested in the name."

Cisco Systems closed on Thursday at $24.43.

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: Rohit Chopra WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (CSCO)

Around the Web, We're Loving...