Analyst Issues Cisco $26 Price Target, Sysco at Underperform, iRobot a Buy, Fusion-IO Neutral

Cisco Systems, Inc.(NASDAQ:CSCO): Credit Suisse believes Cisco’s gross margins and operating margins will improve near-term as the company benefits from staff reductions and improvement in switching and routing margins. Shares are Outperform rated with a $26 price target.

Sysco Corp.(NYSE:SYY): Credit Suisse said Sysco’s disappointing Q2 report indicates fundamentals remain weak and that there is further downside ahead. The firm reiterates its Underperform rating.

iRobot Corporation(NASDAQ:IRBT): Brigantine says iRobot’s Q4 is traditionally strong and raised its price target stock ahead of the results on February 8. The firm would be a buyer before the company reports and keeps a Buy rating on the name.

Kenexa Corp.(NASDAQ:KNXA): After Kenexa provided lower than expected margin guidance, ThinkEquity expects the company’s organic revenue growth to slow in 1H12. However, the firm expects revenue growth to reaccelerate in 2H12 and it believes that the company’s business trends are still “constructive.” The firm maintains a $32 target and Buy rating.

Fusion-IO, Inc.(NYSE:FIO): Lazard Capital expects no meaningful change to Fusion-io’s (NYSE:FIO) near-term revenue trajectory as a result of EMC’s (NYSE:EMC) Project Lightning. The firm believes the lack of hypervisor level drivers will limit Project Lightning’s effectiveness in virtualized environments. Lazard Capital has a positive bias towards Fusion-io’s fundamentals but keeps a Neutral rating on the stock.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com