Monday, September 28, 2009

Barclay’s Raises CSCO to Overweight; Target $28 (CSCO)

Long time readers know: we are fans. The stock was recently trading at $23.58, up 4.24%
From Tech Trader Daily:
Raising estimates on expectations of stronger spending by telephone companies, Barclay’s Capital analyst Jeff Kvaal today raised his rating on Cisco Systems (CSCO) to “Overweight” from “Equal Weight” and raised his price target to $28 from $24. Cisco shares are up $1.12, or 5%, at $23.75....MORE
Barclay's overweight/equal weight/underweight rating system gets kinda funny when they talk Weight Watchers, currently at "Underweight".