Cisco Systems Upgraded to “Outperform” by Two Analysts (CSCO)
On Monday analysts at two firms upgraded Cisco Systems, Inc. (CSCO) as both firms believe the tech company is executing well in the current environment.
Analysts at William Blair upgraded CSCO from “Market Perform” to “Outperform” while Robert Baird analysts upgraded the company from “Neutral” to “Outperform.” Robert Baird gives Cisco a $25 price target, suggesting a +22% upside to Friday’s closing price of $20.48.
Cisco shares were up 22 cents, or +1.07%, during premarket trading on Monday. The stock is up +7.45% over the past year.
The Bottom Line
Shares of Cisco Systems (CSCO) have a 2.73% dividend yield, based on Friday’s closing stock price of $20.48. The stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $21-$22 price levels.
Cisco Systems, Inc. (CSCO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.