Piper Sandler Maintains Neutral on Cisco Systems, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish maintains a Neutral rating on Cisco Systems (NASDAQ:CSCO) and lowers the price target from $53 to $51.

May 18, 2023 | 1:28 pm
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NEUTRAL IMPACT
Piper Sandler analyst lowers Cisco Systems' price target from $53 to $51, maintaining a Neutral rating.
The news directly mentions Cisco Systems (CSCO) and the lowered price target by Piper Sandler analyst James Fish. The Neutral rating is maintained, indicating that the analyst does not expect significant short-term price movement. However, the lowered price target may cause some investors to reevaluate their positions, but overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100