Forget Panic, Dell and Cisco Upgraded to Buy
Submitted by WSN_Staff on Mon, 03/02/2009 - 13:55.
.thumbnail.jpg "Bullish (Bull Market)")
On a day like this, look at what analysts do like, and that would be Dell Inc (NASDAQ:DELL) and Cisco Systems (NASDAQ:CSCO).
Two big Upgrades coming from Argus today, first Cisco Systems (CSCO) upgraded at Argus from Hold to Buy. $24 price target. Valuation call, as business appears to be bottoming.
Dell (DELL) upgraded at Argus to Buy. $12.50 price target. Release of Windows 2007 should help stimulate PC demand later this year. Company also has a strong cash position.
Here is how both stocks are trading thus far today:
| Company | Exchange | Symbol | Last price | Quote change | Market cap | ||
| Cisco Systems, Inc. | NASDAQ | CSCO | $14.42 | -0.15 | (-1.03%) | 84.17B | |
| Dell Inc. | NASDAQ | DELL | $8.77 | +0.24 | (2.81%) | 17.05B | |
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