Cantor Raises Price Target On Cisco System, Inc. To New Street High

In a note released Tuesday, Cantor analyst, Brian White raised his price target for Cisco Systems

from $29 to $31 as he sees "healthy" upside for the company's shares. Following a rough end to 2013, White says Cisco shows "signs of stabilizing" and is optimistic that a new product cycle could help the company improve its performance. As for Cisco's shares, White sees potential upside based on an attractive valuation, solid dividend yield, and performance benefits as the company gears up to release new products.