CSCO optimism part 1

Came across the article, David Tepper's 9 Favorite Dow Stocks - TheStreet. Interesting article, but I skipped to the tidbit of CSCO, which makes up 24% of my portfolio. This is what piqued my interest: "Of researchers following Cisco, 27, or 55%, advise purchasing its stock, 21 say to hold and one recommend selling it. Sanford Bernstein rates it "outperform", predicting that Cisco will rally 45% to $27."

Who is Sanford Bernstein? Wiki says it's a research unit of AllianceBernstein L.P. This company has 468 billion in assets, so I guess they do have some validity. 45% is a lot, and that is nice to hold on to.

Yes, this is the same company that reported lower guidance a few weeks ago. However, I believe that the stock is a short-term buy due to support. The stock is at a 52-week low, and doesn't show signs of a progressive downtrend after falling 10%- yet. This sentiment is amateur technical analysis with lack of research, but let's see if my speculation is right.

UPDATE: The Cisco Systems Blues (CSCO) | Benzinga.com. Skepticism... Support at 18.29. Give me a break.