Cisco Systems initiated with "buy"

05.02.07 - American Technology Research

NEW YORK, February 5 (newratings.com) - Analysts at American Technology Research initiate coverage of Cisco Systems Inc (CSCO) with a "buy" rating. The target price is set to $36.

In a research note published this morning, the analysts mention that the company offers one-stop shopping, given its most complete and broadest end-to-end portfolio of IP infrastructure in the industry. Cisco Systems? organic growth is expected to accelerate to 15%-20% going ahead, the analysts say. The company is poised to benefit from accelerated spending in emerging markets, American Technology Research adds.