JP Morgan Upgrades Cisco Systems to Overweight, Raises Price Target to $62
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samik Chatterjee has upgraded Cisco Systems from Neutral to Overweight and raised the price target from $55 to $62.
July 19, 2023 | 10:18 am
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POSITIVE IMPACT
Cisco Systems has been upgraded to Overweight from Neutral by JP Morgan, with a raised price target of $62.
The upgrade from JP Morgan is a positive signal for Cisco Systems. The raised price target indicates that the analyst believes the stock has potential for significant growth, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100