Cisco Systems, Inc. (CSCO) Ratings, Price Targets

Cisco Systems, Inc. (NASDAQ: CSCO) had ratings and price targets on it adjusted by analysts.

Cisco Systems, Inc. (CSCO) had its price target raised by Deutsche Bank (NYSE:DB) from $22.00 to $24.00. They have a “Buy” rating on the stock.

Cisco Systems, Inc. had its price target raised by Oppenheimer (NYSE:OPY) from $21.00 to $23.00. They have an “Outperform” rating on the stock.

Cisco Systems, Inc. had its price target raised by Wunderlich from $22.00 to $24.00. They have a “Buy” rating on the stock.

Cisco Systems, Inc. had its price target raised by Goldman Sachs (NYSE:GS) from $22.00 to $25.00. They have a “Buy” rating on the stock.

Cisco Systems, Inc. had its price target raised by Evercore Partners from $25.00 to $26.00. They have an “Overweight” rating on the stock.

Cisco Systems, Inc. had its price target raised by Bank of America (NYSE:BAC) from $22.00 to $24.00. They have a “Buy” rating on the stock.

Cisco Systems, Inc. had its price target raised by FBN Securities from $25.00 to $27.00. They have an “Outperform” rating on the stock.

Cisco Systems, Inc. had its price target raised by Morgan Keegan from $25.00 to $25.50. They have an “Outperform” rating on the stock.

Cisco Systems, Inc. had its price target raised by Miller Tabak from $19.00 to $21.00. They have a “Hold” rating on the stock.

Cisco (CSCO) (RVBD) (PSMT) (CODE) (BBY) Price Targets Changed

Cisco Systems, Inc. (NASDAQ: CSCO), Riverbed Technology, Inc. (NASDAQ: RVBD), PriceSmart, Inc. (NASDAQ: PSMT), Spansion (NASDAQ: CODE) and Best Buy Co., Inc. (NYSE: BBY) had their price targets adjusted by analysts.

Riverbed Technology, Inc. (RVBD) had its price target lowered by Morgan Keegan to $30.00.

PriceSmart, Inc. (PSMT) had its price target raised by Benchmark Co. to $87.00.

Cisco Systems, Inc. (CSCO) had its price target raised by Stifel Nicholas from $17.00 to $20.00. They have a “Buy” rating on the company.

Spansion (CODE) had its price target lowered by Citigroup (NYSE:C) to $15.50.

Best Buy Co., Inc. (BBY) had its price target lowered by Piper Jaffray (NYSE:PJC) to $25.00. They have a “Buy” rating on the company.

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.

Ratings on (ACI) (BIIB) (COO) (CSCO) (EXAC) Reiterated

Ratings on Arch Coal, Inc. (NYSE: ACI), Biogen Idec Inc. (NASDAQ: BIIB), The Cooper Companies, Inc. (NYSE: COO), Cisco Systems, Inc. (NASDAQ: CSCO) and Exactech, Inc. (NASDAQ: EXAC) were reiterated by analysts.

JPMorgan Chase & Co. (NYSE:JPM) reiterated an “overweight” rating on Arch Coal, Inc. (ACI).

Jefferies (NYSE:JEF) reiterated a “buy” rating on Biogen Idec Inc. (BIIB).

Morgan Keegan reiterated an “outperform” rating on The Cooper Companies, Inc. (COO).

Oppenheimer reiterated an “outperform” rating on Cisco Systems, Inc. (CSCO).

Duncan Williams reiterated a “buy” rating on Exactech, Inc. (EXAC).

Alcoa (NYSE:AA), Sovereign Debt Crisis Pushes Dow Down

Alcoa (NYSE:AA) led Blue chips in a downward spiral as investors aren't convinced aluminum demand will increase this year, and the dangerous sovereign debt crisis in Europe threatens to spread.

Consequently the Dow dropped the worst it has in three months, falling 225.06 points, or 2 percent.

Other stocks getting hit hard were Cisco (Nasdaq:CSCO), which dropped 3.57 percent, and General Electric (NYSE:GE), which plunged 3.53 percent, and Intel, (Nasdaq:INTC), which ended the day down 3.01 percent.

The Dow Jones Industrial Average ended the session at 10,926.77 points.

Measured by percentage, the Nasdaq fell the worst, down 74.49, or 3 percent on the day. The S&P dropped 28.66 points, or 2.4 percent to 1,173.60.