{"id":546165,"date":"2010-04-28T09:22:00","date_gmt":"2010-04-28T13:22:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:430037"},"modified":"2010-04-28T09:22:00","modified_gmt":"2010-04-28T13:22:00","slug":"cisco-upgraded-to-top-pick","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/546165","title":{"rendered":"Cisco upgraded to &#8216;top pick&#8217;"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=CSCO&amp;id=258198\" >Cisco Systems Inc.<\/a> shares have been upgraded to Top Pick from Sector Outperform by RBC Capital Markets.<\/p>\n<p>&quot;Strengthening trends across all major business segments combined with consistent execution may enable Cisco&#39;s stock to break its relative inline trends with large tech peers,&quot; analyst Mark Sue said.&nbsp; <\/p>\n<p>Mr. Sue said the biggest factor driving his upgrade is the conviction that Cisco has strengthened its position and may be gaining a larger share of corporate<br \/>IT spend and carrier capex budgets. <\/p>\n<p>He also raised his 12-month price target to $33 from $30, representing a multiple of 19x his calendar year 2011 earnings per share of $1.75. The current industry mean is 14x. <\/p>\n<p>&quot;We believe CSCO deserves a premium multiple because of its strong cashflow, balance sheet and industry position,&quot; the analyst said.&nbsp; <\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\" >David Pett <\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=430037\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco Systems Inc. shares have been upgraded to Top Pick from Sector Outperform by RBC Capital Markets. &quot;Strengthening trends across all major business segments combined with consistent execution may enable Cisco&#39;s stock to break its relative inline trends with large tech peers,&quot; analyst Mark Sue said.&nbsp; Mr. Sue said the biggest factor driving his upgrade [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-546165","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=546165"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546165\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=546165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=546165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=546165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}