CNBC's Fast Money Halftime Report Recap: Pops, Drops, Amazon and Cisco
By David Alton Clark:
Here are the highlights of stocks discussed on CNBC’s Fast Money Halftime Report for Thursday, July 28th.
Cisco Systems, Inc. (CSCO)
Goldman Sachs raised its 12-month price target by 34 percent to $21 and upgraded the company to "buy" from "neutral." The fast traders were split on their take. Guy Adami stated:
“Cisco is still a little bit of a disaster. I think a $15 handle is left in this stock.”
Patty Edwards said:
“The stock isn’t cheap enough given all the issues they have.”
Steve Cortes was slightly more bullish even in the face of government austerity, saying:
“If Cisco holds $15 it looks interesting… if Cisco trades $15.50 then I’ll pull the trigger.”
Cisco designs, manufactures and sells IP-based networking and other products related to the communications and information technology industry worldwide. The company is trading significantly below analysts' estimates. CSCO has a median price target of $20Complete Story »
- Original article
- Login or register to post comments
