UBS Maintains Neutral on Cisco Systems, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt has maintained a Neutral rating on Cisco Systems (NASDAQ:CSCO) and reduced the price target from $55 to $54.
November 16, 2023 | 6:16 pm
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NEUTRAL IMPACT
UBS analyst David Vogt maintains a Neutral rating on Cisco Systems and lowers the price target from $55 to $54.
The reduction in price target by UBS may have a neutral to slightly negative impact on Cisco's stock price in the short term as it reflects a minor adjustment in valuation expectations. However, since the rating remains Neutral, the overall sentiment does not indicate a significant change in the company's outlook, which may limit the impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100