MKM Partners analyst Michael Genovese raised his price target on Cisco Systems to $54 after its "slightly better" than expected Q2 results, with 7% revenue growth adjusted for divestitures and helped by a 2-point ASC 606 accounting change adjustment. The analyst notes that the company's public sector orders were surprisingly "very strong" given the U.S. Government shutdown in parts of December and January, even though its enterprise order growth decelerated to 11% from 15%. Genovese is keeping his Neutral rating on Cisco, noting that its 8% total product growth rate is likely the peak and that its 18% public sector product order growth may not be sustained.