Cisco’s Dividend Increase RAISES Target and 4 Must-See Stock Analyses
Monsanto Co. (NYSE:MON) price target was increased by Deutsche Bank due to expectations that the company could post its third straight year of 20 percent or higher earnings growth in 2013. The firm maintains a Buy rating on the stock.
Finish Line Inc. (NASDAQ:FINL) has been added to Citigroup’s Top Picks Live list due to accelerating U.S. athletic footwear trends along with its belief that Foot Locker’s (NYSE:FL) earnings report on August 17 will be a positive catalyst. Citi keeps a Buy rating and a $26 price target on the stock.
Gilead Sciences Inc. (NASDAQ:GILD): According to Citigroup, it learned that Gilead’s Phase 3 NEUTRINO study in genotype 1 Hepatitis C patients became fully enrolled in July after one month of recruitment. Citi thinks that the short recruitment time emphasizes the large demand for the company’s Hepatitis C treatment GS-7977. The firm maintains a Buy rating and a $65 price target on the stock.
Cisco Systems, Inc. (NASDAQ:CSCO): Citigroup claims that Cisco’s sizable dividend increase to 14c was not expected, and the firm increased its price target for shares to $21 from $19 after the company announced its Q4 results. The firm keeps a Buy rating on the stock.
Cisco Systems, Inc. (NASDAQ:CSCO) shares are attractively valued after the company’s Q4 results and dividend raise, which resulted in a 3 percent dividend yield, according to Piper Jaffray. The firm claims that Cisco’s execution has seen a material improvement within the past few quarters. The firm keeps an Overweight rating and increases its price target to $23 from $22 on the stock.
Investing Insights: EARNINGS: Cisco Systems’ Profit ROCKETS Higher for Third Straight Quarter.
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