Cisco Systems "buy"

24.08.06 - Banc of America

NEW YORK, August 24 (newratings.com) - Analyst Tim Long of Banc of America Securities maintains his "buy" rating on Cisco Systems Inc (CSCO). The target price is set to $25.

In a research note published this morning, the analyst mentions that the company?s growth going forward is expected to be driven by the salesforce increase in the Service Provider operations in the emerging markets and in the commercial sectors of Europe.