Cisco (CSCO) Price Target Raised to $28 at Deutsche Bank

August 5, 2013 10:30 AM EDT
Get Alerts CSCO Hot Sheet
Price: $29.98 -0.17%

Rating Summary:
    32 Buy, 25 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Deutsche Bank maintained a Buy rating on Cisco (NASDAQ: CSCO) with a price target of $28.00 (from $26.00). Cisco reports Q4 results on August 14, and analyst Brian Modoff has improved conviction in the product cycle ramp.

"Versus Consensus, we are calling for an inline to slightly positive Jul Q (strength led by Switching, Wireless, Services; some Emerging Markets weakness) and an inline to slightly positive Oct Q guide. Cisco is a Datacenter Switching, Wireless, Telco, and Advanced Services led growth story in our view, with recent acquisitions in Security, Software, and Services driving potential for upside surprises in FY14+," said Modoff.

For an analyst ratings summary and ratings history on Cisco click here. For more ratings news on Cisco click here.

Shares of Cisco closed at $26.19 yesterday.

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