Cisco Systems shares are trading higher after Morgan Stanley reinstated coverage on the stock with an Overweight rating and $58 price target.
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems' stock is trading higher following Morgan Stanley's reinstatement of coverage with an Overweight rating and a $58 price target.

April 09, 2024 | 4:04 pm
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Cisco Systems' shares are experiencing an uptick after Morgan Stanley reinstated coverage with an Overweight rating and a $58 price target.
The reinstatement of coverage by a major financial institution like Morgan Stanley, especially with an Overweight rating and a specific price target, typically signals confidence in the company's future performance. This can lead to increased investor interest and potentially higher stock prices in the short term.
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