Rosenblatt Securities analyst Michael Genovese initiated coverage with a Hold rating on Cisco Systems (CSCO – Research Report) today and set a price target of $48.00. The company's shares closed last Tuesday at $42.86, close to its 52-week low of $40.82. According to TipRanks.com, Genovese is a 5-star analyst with an average return of 10.3% and a 55.6% success rate. Genovese covers the Technology sector, focusing on stocks such as Juniper Networks, Extreme Networks, and Arista Networks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco Systems with a $51.95 average price target.
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