As previously reported, KeyBanc initiated coverage of Cisco (CSCO) with an Overweight rating and $77 price target KeyBanc noted that it has seen product order growth remain healthy for several quarters in a row, which “bodes well for 2026/2027 revenue growth expectations.” Additionally, the firm believes the subscription/software mix shift makes Cisco appear “relatively attractively valued” versus its software and security peers. Keybanc concluded that it sees “ample room for future shareholder returns.”
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