Wall Street rallies powered by Cisco, Walmart; House tax vote supports

Wal-Mart (WMT) PT Raised to $112 at KeyBanc Following Strong 3Q

KeyBanc raised its price target on Wal-Mart (NYSE: WMT) to $112.00 (from $100.00) while maintaining a Overweight rating following the company's 3Q earnings report.

Walmarts very strong performance in the 3Q is a direct result of a two-year+ investment process to make the... More

Wal-Mart (WMT) PT Raised to $120 at BofA/Merrill Lynch Following 3Q Release

BofA/Merrill Lynch raised its price target on Wal-Mart (NYSE: WMT) to $120.00 (from $100.00) while maintaining a Buy rating following the company's 3Q. Adjusted EPS of $1.00 (vs. consensus of $0.98) reflected strong WMT US same-store sales of 2.7% (above consensus of 1.7% even excluding the 30-50bps... More

Cisco (CSCO) PT Raised to $39 at UBS; Reiterates Buy

UBS raised its price target on Cisco (NASDAQ: CSCO) to $39.00 (from $37.00) while maintaining a Buy rating. Cisco is in a multi-year transition in stabilizing the core and creating more recurring revenue. The direction seems correct and execution is improving.

Cisco slightly beat... More

Cisco (CSCO) PT Raised to $38 at MKM Partners Following 1Q

MKM Partners raised its price target on Cisco (NASDAQ: CSCO) to $38.00 (from $34.00) while maintaining a Neutral rating following the company's 1Q earnings report. Cisco delivered in line revenues of $12.14bn and reported EPS of $0.61 or one penny better than expected.

MKM increased... More

Cisco (CSCO) PT Raised to $40 at Bernstein

Bernstein raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $38.00) while maintaining an Outperform rating following in-line Q1 and Q2 guidance well ahead on the top-line.

Analyst Pierre Ferragu notes the pace of the transition to subscription remains ahead of schedule and is likely to accelerate.

Cisco (CSCO) PT Raised to $40 at Citi Following 1Q Release

Citi raised its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $36.00) while maintaining a Buy rating following the company's 1Q earnings report. Reported sales of $12.1b were inline with consensus but EPS of $0.61 was above consensus of $0.60.

The companys January quarter... More

Cisco (CSCO) PT Raised to $37 at BofA/Merrill Lynch Remains Sidelined

BofA/Merrill Lynch raised its price target on Cisco (NASDAQ: CSCO) to $37.00 (from $35.00) while maintaining a Neutral rating. Ciscos 1Q18 was mostly inline, with strong margins driving a 1c EPS beat. Management is calling for slightly better than expected 2Q18 revenues,... More

Cisco (CSCO) PT Raised to $44 at Drexel Hamilton

Drexel Hamilton raised its price target on Cisco (NASDAQ: CSCO) to $44.00 (from $39.00) while maintaining a Buy rating following strong Q1 results and a solid Q2 outlook.

Analyst Brian White noted the tone of Cisco's call was positive and product orders... More

Cisco (CSCO) PT Raised to $33 at Nomura/Instinet; Remains Sidelined

Nomura/Instinet raised its price target on Cisco (NASDAQ: CSCO) to $33.00 (from $29.00) while maintaining a Neutral rating following the company's 1Q earnings release. Strong interest in new Catalyst 9000 campus switches and 8% security growth helped Cisco match consensus $12.1bn in F1Q sales. F1Q... More