JP Morgan Reinstates Neutral on Cisco Systems, Announces $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee reinstates Cisco Systems (NASDAQ:CSCO) with a Neutral rating and sets a price target of $53.
April 22, 2024 | 2:34 pm
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NEUTRAL IMPACT
JP Morgan analyst Samik Chatterjee reinstates coverage on Cisco Systems with a Neutral rating and a price target of $53.
The reinstatement of coverage by JP Morgan with a Neutral rating and a specific price target suggests a balanced view on the stock's future performance. This could lead to a neutral short-term impact on Cisco's stock price as the market digests this new information and aligns expectations with the analyst's perspective.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100