Cisco (CSCO) PT, Estimates Bumped at Jefferies But Remains on the Sidelines
Jefferies analyst George Notter bumped estimates and his price target on Cisco (NASDAQ: CSCO) to $27.25 (from $24.00) following Q2 results but retained a Hold rating.
Notter commented, "Our impressions of Cisco’s forward-looking EPS power haven’t really changed exiting the fiscal Q2 EPS results. With the stock trading in $28 range, we think the risk/reward remains balanced."
The firm lifted Q3 EPS from $0.51 to $0.53 and FY 2015 EPS from $2.10 to $2.15.
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Shares of Cisco closed at $26.93 yesterday.