Analyst Upgrades Cisco Systems Stock
Cisco Systems(CSCO) Schaeffers Investment Research·2024-11-11 22:12
Shares of digital communications technology firm Cisco Systems Inc (NASDAQ:CSCO) are 1.6% higher in pre-market trading following a lofty bull note. J.P. Morgan Securities upgraded CSCO to "overweight" from "neutral" and hiked its price target to $66 from $55, citing recovering demand for the companies' enterprise networking solutions and its positive impact on earnings.Coming into today, Cisco systems stock was up 14.9% since the start of 2024, with 27.7% added over the last three months. After the $57 leve ...