Cisco Is Upgraded; JPMorgan, Salesforce Get Negative Notes

In Monday's Analysts' Actions, we highlight an upgrade for Cisco Systems (CSCO), but JPMorgan Chase (JPM) and Salesforce.com (CRM) get some negative notes. Pacific Crest analysts raised their rating on Cisco to OVERWEIGHT from SECTOR PERFORM with a $36 price target. The firm sees improving fundamentals and cloud momentum, which could drive growth. MKM Partners downgraded JPMorgan to NEUTRAL from BUY with a $65 price target. The firm says it would wait for a pullback before becoming more constructive on shares. And, Salesforce.com was also issued a negative note. Morgan Stanley removed Salesforce from its 'Best Ideas' list. The firm still maintained its OVERWEIGHT rating with an $80 price target, but thinks shares are trading at an acquisition premium. TheStreet's Kurumi Fukushima reports in New York.