UPDATE: Sterne Agee Raises PT on Cisco Systems Following Emerging Markets Deal Setback, Unchanged Guidance/Outlook
August 15, 2013 at 11:28 AM EDT
In a report published Thursday, Sterne Agee analyst Alex Kurtz reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO ), and raised the price target from $26.00 to $28.00. In the report, Sterne Agee noted, “A challenging quarter as APJC product orders (down 3%) and other Emerging Markets saw inconsistent
