Piper Jaffray Maintains Neutral Rating On Cisco Systems

According to Piper Jaffray, Cisco Systems CSCO held an analyst day. Piper Jaffray said that Cisco's 2011 Analyst Day event provided investors with more transparency with regard to management's long-term growth assumptions for each major product category, customer segment and geographic region. "We are maintaining our Neutral rating and $17 price target on shares of CSCO." Cisco Systems closed yesterday at $16.35.