Cisco (CSCO) PT Raised to $53 at UBS

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Cisco (CSCO) PT Raised to $55 at FBN Securities

August 16, 2018 10:14 AM EDT

FBN Securities analyst Shebly Seyrafi raised the price target on Cisco (NASDAQ: CSCO) to $55.00 (from $50.00) while maintaining an Outperform rating following solid results.

Seyrafi noted the company posted the strongest order growth in years (7% year-over-year).

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