Cisco price target raised to $90 from $80 at JPMorgan

JPMorgan raised the firm’s price target on Cisco (CSCO) to $90 from $80 and keeps an Overweight rating on the shares. The company reported a beat in fiscal Q1 on artificial intelligence momentum and Campus refresh upsides, the analyst tells investors in a research note. The firm says the quarter bolsters the case for a further stock re-rating.