Analysts fell to the sidelines weighing in on Cisco (NASDAQ:CSCO) and Mattel Inc (NASDAQ:MAT) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Cisco (CSCO)
BMO Capital analyst Tim Long maintained a Hold rating on Cisco today and set a price target of $48. The company’s shares opened today at $45.77, close to its 52-week high of $46.37.
According to TipRanks.com, Long is a 5-star analyst with an average return of 20.7% and a 69.6% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.
Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $52, representing a 13.6% upside. In a report issued on August 14, JMP Securities also reiterated a Hold rating on the stock.
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Mattel Inc (MAT)
In a report released today, Arpine Kocharyan from UBS maintained a Hold rating on Mattel Inc, with a price target of $16. The company’s shares opened today at $15.24.
According to TipRanks.com, Kocharyan is ranked #4224 out of 4850 analysts.
Currently, the analyst consensus on Mattel Inc is a Hold with an average price target of $14.08, implying a -7.6% downside from current levels. In a report issued on August 1, Jefferies also reiterated a Hold rating on the stock with a $14 price target.
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