Wednesday, July 13, 2011

Ratings on Cisco (CSCO) (MO) (VMW) (PEP) (NVLS) Reiterated by Analysts

Cisco Systems, Inc. (NASDAQ: CSCO), Altria Group (NYSE: MO), VMware, Inc. (NYSE: VMW), PepsiCo, Inc. (NYSE: PEP) and Novellus Systems, Inc. (NASDAQ: NVLS) had analysts reiterate their ratings on them.

Sterne Agee reiterated a "Buy" rating on Cisco Systems, Inc. (CSCO)

Morgan Stanley (NYSE:MS) reiterated an "Equal Weight rating on Altria Group (MO).

Deutsche Bank (NYSE:DB) maintains a "Buy" rating on VMWare (VMW). They have a price target of $135.00 on the company.

Morgan Stanley (NYSE:MS) reiterated an "Overweight" rating on PepsiCo (PEP).

Citigroup (NYSE:C) reiterated a "Hold" rating on Novellus Systems, Inc. (NVLS). They have a price target of $40.00 on the company.

VMWare closed Tuesday at $100.37, dropping $1.76, or 1.72 percent. Cisco Systems closed at $15.60, gaining $0.17, or 1.10 percent. Altria Group closed at $26.90, falling $0.03, or 0.11 percent. PepsiCo ended the day at $69.00, down $0.30, or 0.43 percent. Novellus Systems closed at $31.75, losing $4.02, or 11.24 percent.

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