JPMorgan Cazenove upgraded shares of Cisco Systems (NASDAQ:CSCO) from an underweight rating to a market perform rating in a research report sent to investors on Friday morning, AR Network reports.
CSCO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Cisco Systems from an underweight rating to a neutral rating in a research note to investors on Friday. They now have a $26.00 price target on the stock, up previously from $18.00. Separately, analysts at UBS AG raised their price target on shares of Cisco Systems from $26.00 to $28.50 in a research note to investors on Thursday, August 8th. They now have a buy rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Cisco Systems from $28.00 to $30.00 in a research note to investors on Wednesday, August 7th. They now have a buy rating on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $26.28.
Cisco Systems, Inc designs, manufactures, and sells Internet protocol (NASDAQ:CSCO)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.