Melius Research Downgrades Cisco Systems to Hold, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Melius Research analyst Ben Reitzes downgraded Cisco Systems (NASDAQ:CSCO) from Buy to Hold and set a price target of $55.

January 08, 2024 | 3:45 pm
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NEUTRAL IMPACT
Cisco Systems was downgraded by Melius Research from Buy to Hold with a price target of $55.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the price target of $55 suggests a neutral to slightly positive outlook, which may mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100