Cisco Shares Up Slightly Following JP Morgan's Upgrade Neutral

Loading...
Loading...
Shares of Cisco
CSCO
are up 0.5 percent to $26.26 in Friday's premarket session after an earlier upgrade by JPMorgan analyst Rod Hall. Despite lingering concerns on the impact software-defined networking will have on Cisco, Hall upgraded Cisco from Underweight to Neutral and raised his price target from $18 to $26 on other positive indicators. Citing improving enterprise networking trends and healthy indicators from other players in the field including F5 Networks
FFIV
, Juniper
JNPR
and Citrix
CTXS
, Hall felt the potential software-defined networking impact on Cisco did not justify an Underweight rating.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst Ratings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...