Shares of Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report were gaining by 1.18% to $33.79 on Thursday afternoon, following a rating upgrade to "outperform" from "underperform" at Credit Suisse. The firm raised its price target on the stock to $40 from $27.
Cisco is a company that designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world.
The rating change comes as the company is in the process of developing a portfolio of businesses that should allow it to drive low single digit revenue growth. The firm also believes that Wall Street is under appreciating Cisco's EPS power.
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