Cisco Systems Reports Earnings Wednesday. J.P. Morgan Is a New Bull.
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J.P. Morgan has upgraded Cisco Systems to Overweight from Neutral and increased the target price to $66 from $55 ahead of Cisco's earnings report on Wednesday.
November 11, 2024 | 3:00 pm
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J.P. Morgan has upgraded Cisco Systems to Overweight from Neutral, raising the target price to $66 from $55. This upgrade comes ahead of Cisco's earnings report on Wednesday.
The upgrade by J.P. Morgan suggests increased confidence in Cisco's future performance, likely leading to positive investor sentiment. The raised target price indicates expectations of stock price appreciation. The timing before the earnings report could amplify the impact if earnings meet or exceed expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100