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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-0.1%Nov 6 3:59 PM EST

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To: Zoltan! who wrote (32085)2/9/2000 12:44:00 PM
From: Proud_Infidel  Read Replies (1) of 77397
 
RESEARCH ALERT - Cisco targets raised
NEW YORK, Feb. 9 (Reuters) - Analysts from Banc of America, Salomon Smith Barney and PaineWebber raised their price targets on Internet gear maker Cisco Systems Inc. on Wednesday.

-- company reported fiscal second-quarter earnings and revenues that topped Wall Street forecasts.

-- Banc of America analyst Chris Crespi raised his price target to $160 from $110.

-- Crespi boosted his fiscal 2000 earnings-per-share estimate to $1.01 from 99 cents.

-- raised fiscal 2001 EPS outlook to $1.31 from $1.28.

-- PaineWebber analyst Walter Piecyk raised his price target to $200 from $138.

-- Piecyk raised his fiscal 2000 EPS outlook to $1.01 from 98 cents.

-- raised fiscal 2001 EPS estimate to $1.28 from $1.24.

-- boosted fiscal 2001 revenue estimate to more than $25 billion from about $23 billion.

-- Salomon Smith Barney analyst Lissa Bogaty boosted price target to $200 from $85.

-- Bogaty raised fiscal 2000 EPS outlook to $1.01 from 97
cents.
-- raised fiscal 2001 EPS forecast to $1.27 from $1.22.
-- shares up 6-3/4 at 132-9/16.
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