Analysts: Cisco’s Momentum Rolled Through July and 3 More Research Notes to Read Over
Cisco Systems (NASDAQ:CSCO): RW Baird believes that Cisco’s strong momentum continued during July, with normal pricing patterns and a lack of serious competition. The firm continues to call Cisco its Best Large Cap Idea for 2013, and has upped its price target for shares to $30 from $28.
Fossil (NYSE:FSL): Brean Capital has reiterated its Sell rating on Fossil, as the firm believes that it will be increasingly more difficult for the company to achieve expectations due to global weakness in the timepiece business, and a ramp up of higher margin stores as the year progresses. The price target is $85.
Cablevision (NYSE:CVC): JPMorgan says that it continues to view a sale of Cablevision as unlikely, given management’s commentary and the company’s bottoming out EBITDA margin. The firm views Cablevision’s second quarter as weak on subscribers, but better on margins. It keeps a Neutral rating on the stock.
GameStop (NYSE:GME): Piper Jaffray believes that GameStop is well positioned to benefit from new hardware and software sales, following the launch of Xbox 360 and PlayStation 3. The firm upped its price target for shares to $59 from $48, and keeps an Overweight rating on the stock.
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