Citigroup Upgrades Cisco Systems to Buy, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has upgraded Cisco Systems from Neutral to Buy and increased the price target from $52 to $62.
October 16, 2024 | 12:41 pm
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Citigroup has upgraded Cisco Systems to Buy and raised the price target to $62, indicating a positive outlook on the stock.
The upgrade from Neutral to Buy by Citigroup suggests increased confidence in Cisco's future performance. The raised price target from $52 to $62 indicates expectations of a higher valuation, likely leading to positive investor sentiment and potential stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100