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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.34

-2.9%

3:59 PM EST

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To: JakeStraw who wrote (77316)	4/27/2017 10:15:01 AM
From: Moonray	of 77397

Credit Suisse Upgrades Cisco (CSCO) to Outperform, "Transforming the Right Way" April 27, 2017 6:06 AM EDT Credit Suisse upgraded Cisco (NASDAQ: CSCO) from Underperform to Outperform with a price target of $40.00 (from $27.00). Analyst Kulbinder Garcha believes the company is in the midst of developing a portfolio of business which ought to enable it to drive low-single-digit revenue growth. He believes the possible upcoming repatriation and M&A approach along with capital returns could drive EPS upwards of $3.30 to $3.50. He further comments that the Street is under-appreciating the company's EPS power. FY 2017 EPS estimate is for $2.38 and FY 2018 EPS estiamte is for $2.47. o~~~ O

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