Atlantic Equities Initiates Cisco At Overweight

Analysts at Atlantic Equities initiated coverage on shares of Cisco Systems

with a Overweight rating. The target price for Cisco is set to $31. Cisco shares have gained 7.93% over the past 52 weeks, while the S&P 500 index has surged 16.44% in the same period. Cisco's shares rose 0.28% to $25.24 in pre-market trading.