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Benzinga
Benzinga
Business
Priya Nigam

Why Wells Fargo Is Turning Bullish On Arista Networks, Neutral On Cisco

Arista Networks Wells Fargo Arista Cisco ANET Arista Networks Inc Cisco Systems

The shift back from value to growth investments and fundamental upside potential make shares of Arista Networks Inc (NYSE:ANET) more attractive than Cisco Systems Inc (NASDAQ:CSCO), according to Wells Fargo.

The Network Equipment Analyst: Aaron Rakers upgraded the rating for Arista Networks to Overweight, while raising the price target from $142 to $160. The Wells Fargo analyst also downgraded the rating for Cisco Systems to Neutral, while lowering the price target from $70 to $65.

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