Equity Research for Cisco Systems, Visa, Stryker Feb. 9th

Cisco Systems, Inc. (NASDAQ:CSCO): FBN Securities raised its price target for Cisco shares citing the company’s strong quarter and retains an Outperform rating on the stock. The firm believes Cisco is outperforming Juniper (NYSE:JNPR) with service providers.

Visa, Inc. (NYSE:V): Cowen said Visa reported impressive Q1 results and provided impressive guidance despite a slowdown which was caused by Durbin rule adjustments. The firm believes Visa is a secular growth story that continues to play out despite macro economic headwinds. Shares are Outperform rated.

Stryker Corp.(NYSE:SYK): JP Morgan recommends buying Stryker shares on any weakness from the resignation of its CEO Steve MacMillan. The firm attributes the resignation to personal reasons, not fundamental, and believes the company has a deep management bench.

Forward Air Corp.(NASDAQ:FWRD): Baird raised its price target on Forward Air following in-line Q4 results. The firm cited core operating leverage, a strengthening recovery, and encouraging performance from its Solutions business. Shares are Outperform rated.

The Chefs Warehouse, Inc(NASDAQ:CHEF): Canaccord expects Chef’s Warehouse to report a strong Q4 report and expects momentum to continue and notes the company has considerable geographic growth opportunities. Shares are Buy rated.

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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