B of A Securities Upgrades Cisco Systems to Buy, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tal Liani upgrades Cisco Systems (NASDAQ:CSCO) from Neutral to Buy and raises the price target from $55 to $60, indicating a positive outlook on the company's stock.
April 15, 2024 | 10:10 am
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Cisco Systems was upgraded by B of A Securities from Neutral to Buy, with a price target increase from $55 to $60, suggesting a strong confidence in the company's future performance.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities, accompanied by a price target increase, typically signals a bullish outlook on the stock. This is likely to generate positive investor sentiment in the short term, potentially driving up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100