Bank Analyst Says Buy Cisco Stock, CVS an Overweight, Wyndham Price Attractive

Cisco Systems, Inc. (NASDAQ:CSCO): Deutsche Bank believes Cisco reported solid Q2 results and decent guidance. The firm is pleased with the company’s continued order momentum and sales execution and upped its price target while maintaining a Buy rating.

CVS Caremark Corporation (NYSE:CVS): Barclays believes CVS Caremark is well positioned for the changes taking place in the PBM business and retail pharmacy. The firm rates CVS an Overweight.

Polycom, Inc. (NASDAQ:PLCM): Citigroup recommends buying Polycom shares aggressively on any weakness from the retirement of CFO Mike Kourey. The firm keeps a Buy rating on the stock with a $24 price target.

PennyMac Mortgage Investment Trust (NYSE:PMT): Citigroup added PennyMac to its Top Picks Live list as a small cap idea and reiterates a Buy rating on the stock post the company’s Q4 results. The firm raised its price target for shares to $21 from $20.

Wyndham Worldwide Corporation (NYSE:WYN): Deutsche Bank raised its price target following Wyndham’s Q4 results and reiterates a Buy rating on the stock. The firm finds the current valuation as an attractive entry point into shares.

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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