DZ Bank Downgrades Cisco Systems to Hold, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Ingo Wermann has downgraded Cisco Systems (NASDAQ:CSCO) from Buy to Hold and set a price target of $50.
November 17, 2023 | 6:27 pm
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NEGATIVE IMPACT
Cisco Systems was downgraded by DZ Bank from Buy to Hold with a price target of $50.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target, while potentially lower than the current trading price, reflects a neutral outlook, which may limit the downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100