Major Bank Ratings | Bank of America: Raises Target Price for Cisco and Ciena, Maintains "Buy" Rating
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Glonghui, May 26th – Bank of America has raised its price target for Cisco from $114 to $135, and for Ciena from $550 to $660. The reason is that the rapid expansion of artificial intelligence infrastructure is driving a substantial increase in demand for high-speed optical network equipment. The "Buy" rating is maintained.
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