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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100