Cisco price target raised to $65 from $64 at Raymond James

Raymond James analyst Simon Leopold raised the firm’s price target on Cisco to $65 from $64 and keeps an Outperform rating on the shares. Cisco reported a Q4 beat with an in-line Q1 sales outlook with higher EPS along with a sales forecast that was just shy of consensus, the analyst tells investors in a research note. Earnings will outgrow sales and Cisco will maintain a healthy capital return policy including buybacks and dividends, the firm argues.