Citigroup Initiates Coverage On Cisco Systems with Neutral Rating, Announces Price Target of $54
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jim Suva has initiated coverage on Cisco Systems with a Neutral rating and a price target of $54.
June 30, 2023 | 9:15 am
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Citigroup has initiated coverage on Cisco Systems with a Neutral rating and a price target of $54.
The initiation of coverage by Citigroup with a Neutral rating suggests that the bank sees Cisco's stock as fairly valued at current levels. The price target of $54 indicates where Citigroup believes the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price in the short term.
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IMPORTANCE 70
RELEVANCE 100