Morgan Stanley’s 10 Best Fresh Money Stocks To Buy

Morgan Stanley saw Cisco Systems, Inc. (NASDAQ:CSCO) the “best positioned to provide software/security defined networking (SDN2) solutions to reduce the cost of security breaches.” This warranted the addition of Cisco to the firm’s Fresh Money Buy List with a price target of $50, approximately 10% above the March 14 closing price.

Follow Cisco Systems Inc. (NASDAQ:CSCO)

In the second half of March, Cisco Systems, Inc. (NASDAQ:CSCO) entered a 10% correction and has taken the whole of April to make up for the lost ground. The stock was at $45.3 on Friday at market close, up by 6.8% since Morgan Stanley’s Michael Wilson announced it was on the Fresh Money Buy List. Also on March 23, Goldman Sachs Group Inc (NYSE:GS) added Cisco Systems, Inc. (NASDAQ:CSCO) to its Conviction Buy list, claiming it was still undervalued despite the 30% rise in value during the previous 12 months.