Cisco (CSCO) PT Raised to $32 at Northland Capital Markets

Northland Capital Markets analyst Jeff Kvaal reiterated an Outperform rating and boosted his price target on Cisco (NASDAQ: CSCO) to $32.00 (from $28.00) on an improving near-term and long-term outlook.

Kvall commented, "We lift our price target on Cisco from $28 to $32 given rising comfort with Cisco's near term and long term positioning. We expect consensus to rise to our (slightly higher) high end estimates and believe Cisco's multiple discount vs its large cap peers should reverse."

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 $27.41 yesterday.

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