NEW YORK (MarketWatch) - Sterne Agee reiterated Cisco Systems
Inc. at a buy and cut its target price to $23 a share from $27, said analyst in a note on Friday. Cisco sees softer demand trends and longer sales cycles, but the company has gained market share, the analyst said. Sterne Agee analyst Shaw Wu said that Cisco is "an underappreciated turnaround story similar to what we have seen with Apple, IBM, and EMC in the past." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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