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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: GVTucker who wrote (67550)4/12/2005 11:24:41 AM
From: Elroy  Read Replies (1) | Respond to of 77400
 
This morning Merrill upgraded CSCO from a hold to a buy, with a $23 price target. It is mostly a valuation call,

This is what seems bizarre to me. CSCO's valuation has been at the same level as today for the past three months (if not longer), so why didn't they make the call 3-6 months ago?