Cisco Systems dominated analyst activity on Wednesday. Three separate firms lifted their price targets dramatically — all on the same day.
Evercore ISI's Amit Daryanani raised his target to $150 from $110. B of A Securities' Tal Liani moved to $114 from $95. Piper Sandler's James Fish went to $132 from $86. All three maintain Buy or equivalent ratings. The consensus average target jumped to $111 from $91.
The moves follow Cisco's strong quarterly results. The company's $402 billion market cap underpins the renewed confidence. Short interest sits at just 1.6% of free float — bears are not a concern here.
Elsewhere, Wynn Resorts received a consensus upgrade. Analysts lifted their average target to $136 from $133. The stock carries 11.9% short interest — relatively elevated — making a sustained re-rating more meaningful for squeezed bears.
Vertiv Holdings saw its average target nudged higher to $344 from $343. The data center infrastructure play remains a strong buy consensus with 22 analyst endorsements.
Assurant was upgraded at the consensus level. The average target rose to $277 from $269. Piper Sandler's David Amsellem also trimmed his target slightly to $427, while raising his target to $298 from $294.
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