Piper Sandler Maintains Neutral on Cisco Systems, Lowers Price Target to $50-Report Released on 15th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish has maintained a Neutral rating on Cisco Systems (NASDAQ:CSCO) but has lowered the price target from $57 to $50, as reported on November 15, 2023.
November 16, 2023 | 3:50 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Cisco Systems but reduced the price target from $57 to $50.
The reduction in price target by Piper Sandler could lead to a negative perception among investors, potentially causing a short-term decline in Cisco Systems' stock price. The Neutral rating suggests no significant change in the company's outlook, but the lowered price target indicates a less optimistic view on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100