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HSBC Upgrades Cisco Systems to Buy From Hold, Adjusts Price Target to $137 From $77

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Cisco Systems (CSCO) has an average rating of overweight and mean price target of $126.50, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research Alert: CFRA Keeps Sell Opinion On Shares Of Helmerich & Payne Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $22, raised $3, reflects a 4.8x multiple of enterprise value to projected FY 27 (Sep.) EBITDA, about in line with HP's historical forward average. We now see a FY 26 loss per share of $0.28 vs. prior EPS estimate of $0.12. For FY 27, we keep our EPS estimate unchanged at $0.85. We believe our below-consensus view on earnings power in both FY26 and FY27 speaks to a more tepid pace of recovery in North America, where pricing pressure is still evident. We also note that the International land rig business likely depends, to a significant degree, on how quickly the Middle East recovers from the disruption imposed by the war with Iran. We think E&P customers are not likely to aggressively pursue land drilling expansion plans beyond current budgets (at least not in CY 26). We note that E&Ps also divert a considerable portion of operating cash flow to other areas, such as buybacks and dividends.

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Research Alert: CFRA Cuts Rating On Enphase Energy To Sell From Hold On Recent Market Optimism

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ENPH opened U.S. pre-orders for its IQ9S-3P commercial microinverter (its most powerful at 548 VA), and announced a new $52M safe harbor agreement bringing the total backlog to $874M. Built on GaN technology, the IQ9S-3P supports panels up to 770 W, connects directly to three-phase 480Y/277 V grids without external transformers, achieves ~97% efficiency, and qualifies for domestic tax credits, with shipments beginning in June 2026. Shares surged ~30%, a reaction we view as disconnected from fundamentals. The IQ9S-3P announcement carried no disclosed volume, while the $52M safe harbor deal is modest and reflects pull-forward demand ahead of tax credit expiration rather than incremental growth. We acknowledge the favorable timing of the announcements, but with ENPH posting a GAAP net loss two weeks prior to a 20% revenue decline (10%-15% below company expectations), we see limited fundamental justification for the strong share movement, resulting in a rating downgrade to Sell from Hold.

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Nomura Downgrades JYP Entertainment to Neutral From Buy, Adjusts Price Target to KRW65,000 from KRW81,000

JYP Entertainment (KOSDAQ:A035900) has an average rating of buy and mean price target of 88,818.18 South Korean won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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