Cisco: Jefferies still a buyer after quarterly results
(CercleFinance.com) - On Thursday an analyst at Jefferies confirms his "buy" rating on the Cisco share, despite the group reducing its guidelines for the next quarter (sales growth of between 0 and 2%, against 4-5% to date).
"We think the reaction to mgmt's revised guide is overdone," the analyst said, who still believes that the share's valuation is attractive.
Jefferies therefore confirms its target price of 54 dollars for the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We think the reaction to mgmt's revised guide is overdone," the analyst said, who still believes that the share's valuation is attractive.
Jefferies therefore confirms its target price of 54 dollars for the share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.