Cisco Systems (NASDAQ: CSCO) was started as an Outperform rating this morning at FBR. The assigned target price was $31.00 per share. This follows the UBS downgrade from yesterday morning, which helped send Cisco shares down almost 3% yesterday.
In a separate company call in networking, FBR initiated coverage on Juniper Networks (NASDAQ: JNPR). The assigned price target was listed as $27.00 per share.
In pre-market trading, Cisco shares are indicated up marginally by 1% this morning.
Jon C. Ogg
April 4, 2008
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