Notable Upgrades: Cisco (CSCO), PayPal (PYPL), FedEx (FDX), VASCO Data Security (VDSI), Incyte Corp (INCY)
October 06, 2015 at 13:58 PM EDT
Citigroup (C) began coverage on Cisco Systems, Inc. (CSCO) with a ‘Buy’ rating and $30 price target saying recent moves are growing profit margins faster than the Street generally expects. On valuation measures, Cisco Systems shares are currently priced at 15.63x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 31.27x earnings […] View the full post at: Notable Upgrades: Cisco (CSCO), PayPal (PYPL), FedEx (FDX), VASCO Data Security (VDSI), Incyte Corp (INCY) Related posts: Cisco Sees Their Fortune Turning FedEx Gives Upbeat Guidance in an Improving Economy One Green Shoot and Lots of Weeds in Japan’s Economic Data
