Cisco Systems shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $52 to $62.
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems shares rose following an upgrade by Citigroup from Neutral to Buy, with a price target increase from $52 to $62.
October 16, 2024 | 3:39 pm
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Cisco Systems shares increased after Citigroup upgraded the stock from Neutral to Buy, raising the price target from $52 to $62.
The upgrade from Citigroup is a positive signal for investors, indicating increased confidence in Cisco's future performance. The raised price target suggests potential for stock price appreciation, leading to a likely short-term increase in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100