Jefferies Maintains Buy on Cisco Systems, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst George Notter maintains a Buy rating on Cisco Systems (NASDAQ:CSCO) but lowers the price target from $56 to $53.
August 15, 2024 | 3:52 pm
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Jefferies analyst George Notter maintains a Buy rating on Cisco Systems but lowers the price target from $56 to $53.
The maintained Buy rating suggests continued confidence in Cisco's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100