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Cisco Shares Up Slightly Following JP Morgan's Upgrade Neutral

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Shares of Cisco (NASDAQ: 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 (NASDAQ: FFIV), Juniper (NYSE: JNPR) and Citrix (NASDAQ: CTXS), Hall felt the potential software-defined networking impact on Cisco did not justify an Underweight rating.

Latest Ratings for CSCO

DateFirmActionFromTo
Feb 2017OTR GlobalUpgradesMixedPositive
Nov 2016Stifel NicolausAssumesHold
Oct 2016OTR GlobalDowngradesPositiveMixed

View More Analyst Ratings for CSCO
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Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

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