Rosenblatt Maintains Neutral on Cisco Systems, Raises Price Target to $59
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Mike Genovese has maintained a Neutral rating on Cisco Systems (NASDAQ:CSCO) and raised the price target from $52 to $59.
August 17, 2023 | 11:22 am
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NEUTRAL IMPACT
Rosenblatt has maintained a Neutral rating on Cisco Systems and raised the price target from $52 to $59.
The news is directly about Cisco Systems. Rosenblatt's decision to maintain a Neutral rating indicates that they do not expect significant changes in the stock's performance. However, the increase in the price target from $52 to $59 suggests that they see potential for growth in the stock's value. This could have a positive impact on investor sentiment, but the Neutral rating suggests that the impact may not be immediate or significant.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100