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CSCO

Cisco

$40.60

1.07 (2.71%)

, PSDO

Presidio

$14.28

-0.66 (-4.42%)

05:10
02/13/18
02/13
05:10
02/13/18
05:10

Cisco price target raised to $46 from $40 at Citi

Citi analyst Jim Suva raised his price target for Cisco Systems (CSCO) to $46 saying benefits from tax reform and a large share repurchase program should drive longer-term earnings. The analyst, however, lowered his revenue estimate for the January quarter to reflect the recent results from Presidio (PSDO), which has 67% of its sales from Cisco products, as well as weakness in federal spending due to uncertain funding. Suva keeps a Buy rating on Cisco into the January quarter results.

CSCO

Cisco

$40.60

1.07 (2.71%)

PSDO

Presidio

$14.28

-0.66 (-4.42%)

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CSCO Cisco
$40.60

1.07 (2.71%)

02/12/18
NOMU
02/12/18
UPGRADE
Target $46
NOMU
Buy
Cisco upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal upgraded Cisco Systems to Buy and raised his price target for the shares to $46 from $33. The analyst increased his estimates to reflect the webscale uptick and believes tax reform and the company's recurring revenue transition provide downside protection. Kvaal believes the recent pullback in Cisco shares provides a buying opportunity.
02/12/18
COWN
02/12/18
NO CHANGE
Target $42
COWN
Outperform
Cisco risk/reward remains attractive, says Cowen
Cowen analyst Paul Silverstein expects Cisco to report solid Q2 results, which he thinks should mark the start of a solid positive long-term growth trend. He said the strong dividend and free cash flow yields, stable margins, and a solid pick-up in growth make the risk/reward for Cisco attractive. Silverstein reiterated his Outperform rating and $42 price target on Cisco shares.
02/12/18
RBCM
02/12/18
NO CHANGE
Target $44
RBCM
Outperform
Cisco price target raised to $44 from $40 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Cisco to $44 and kept his Outperform rating ahead of earnings, saying the company's revenue growth and margin story likely remains intact thanks to "Switching growth and new products". Steves also points to the positive benefits of the U.S. tax reform on repatriation and a tax rate decrease.
02/12/18
02/12/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nasdaq (NDAQ) upgraded to Outperform from Market Perform at Wells Fargo by analyst Christopher Harris, who said the company is at an inflection point where both its trading and non-trading segments will begin to generate faster growth. He sees a "pathway to much higher profit margin" over the next two years and believes the stock is "relatively inexpensive" at a discount to the S&P 500 Index. 2. Teva (TEVA) upgraded to Outperform from Neutral at Credit Suisse by analyst Vamil Divan. The analyst sees "early execution" towards the company's restructuring plan and believes its 2018 outlook is achievable. He feels expectations are now reasonable believes the upside path is now clearer. 3. Cisco Systems (CSCO) upgraded to Buy from Neutral at Nomura Instinet by analyst Jeffrey Kvaal to reflect the webscale uptick and believes tax reform and the company's recurring revenue transition provide downside protection. Kvaal believes the recent pullback in Cisco shares provides a buying opportunity. 4. Tallgrass Energy Partners (TEP) upgraded to Overweight from Equal Weight at Barclays by analyst Christine Cho, who lowered her price target to $43 from $50. The analyst said her analysis suggests a Tallgrass Energy GP (TEGP) acquisition of Tallgrass Energy Partners is the most likely scenario. She valued Tallgrass Energy Partner at $43 in this scenario. 5. VF Corp (VFC) upgraded to Buy from hold at Stifel by analyst Jim Duffy, who sees fiscal 2019 consensus estimates rising throughout the year due to fundamental strength, environmental factors, and currency. Duffy believes VF shares can sustain the premium multiple for the "foreseeable future." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PSDO Presidio
$14.28

-0.66 (-4.42%)

09/22/17
SBSH
09/22/17
NO CHANGE
Target $19
SBSH
Buy
Presidio a major beneficiary of potential tax reform, says Citi
Citi analyst Jim Suva reiterates a Buy rating on Presidio and says the company is executing well following its Q4 results. Presidio is a major beneficiary of potential U.S. tax reform as its tax rate is 34%-35%, which could result in 32% upside from lower taxes, Suva tells investors in a post-earnings research note. The analyst keeps a $19 price target on the shares.
12/29/17
WELS
12/29/17
NO CHANGE
Target $21
WELS
Outperform
Presidio price target raised to $21 from $17.50 at Wells Fargo
Wells Fargo analyst Ed Caso raised his price target for Presidio to $21 to reflect the benefits of U.S. Tax Reform. Given the company's current high tax rate, its pro forma earnings could pick-up 15% from the recently signed U.S. tax reform legislation, Caso tells investors in a research note. He also sees Presidio being a beneficiary of increased investment spending on technology infrastructure by mid-sized U.S companies. The analyst keeps an Outperform rating on the shares.
01/17/18
LEHM
01/17/18
DOWNGRADE
Target $20
LEHM
Equal Weight
Presidio downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Mark Moskowitz downgraded Presidio to Equal Weight while raising his price target for the shares to $20 from $17. The analyst cites valuation for the downgrade as he believes benefits from tax reform are already factored into the shares.
02/09/18
JPMS
02/09/18
DOWNGRADE
JPMS
Neutral
Presidio downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Tien-tsin Huang downgraded Presidio to Neutral citing the company's third revenue miss.

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STON

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TEF

Telefonica

$8.70

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VIX

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ASFI

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$NSD

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$NYE

NYSE Market Internals

$0.00

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