Cisco: boosted by Goldman's upgrade
(CercleFinance.com) - The Cisco stock is up on Thursday morning on Wall Street, going against the grain of the US markets with Goldman Sachs upgrading it to buy.
As a result, it was up 1.6% at 11 a.m. New York time, the biggest riser in the Dow Jones index, well ahead of IBM and Home Depot.
For Goldman Sachs, which upgraded the stock from "neutral" to "buy," having increased its corresponding target price from 50 dollars to 59 dollars, the stock will benefit from the reopening of the economy, with increased technological investments.
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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.
As a result, it was up 1.6% at 11 a.m. New York time, the biggest riser in the Dow Jones index, well ahead of IBM and Home Depot.
For Goldman Sachs, which upgraded the stock from "neutral" to "buy," having increased its corresponding target price from 50 dollars to 59 dollars, the stock will benefit from the reopening of the economy, with increased technological investments.
Copyright (c) 2021 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.