Piper Sandler Maintains Neutral on Cisco Systems, Lowers Price Target to $50
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.
November 16, 2023 | 3:51 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, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler suggests that the analyst sees less upside potential for Cisco Systems' stock price in the short term. This could lead to a negative sentiment among investors and potentially cause a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100