Rosenblatt Maintains Neutral on Cisco Systems, Lowers Price Target to $51-Report Released on 15th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has maintained a Neutral rating on Cisco Systems (NASDAQ:CSCO) but has lowered the price target from $59 to $51 as reported on November 15, 2023.
November 16, 2023 | 12:25 pm
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Rosenblatt has maintained a Neutral rating on Cisco Systems but reduced the price target from $59 to $51, which may influence investor sentiment and stock price.
The reduction in price target by Rosenblatt from $59 to $51, while maintaining a Neutral rating, suggests that the analyst sees limited upside potential for Cisco Systems' stock in the near term. This could lead to a negative investor reaction and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100