Cisco Initiated with Neutral at Buckingham, PT Set at $28; Shares Edge Higher in Pre Market

Coverage of Cisco Systems (CSCO) has been initiated by analysts at Buckingham Research with a neutral rating and a price target of $28 a share.

The price target represents a potential upside of 13% from the stock’s current market price.

Shares of CSCO have edged up 0.41% to $24.73 in today’s pre-market activity, amid a 52-week trading range of $20.22 – $26.49.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide.