Analysts put stagnant outlook on major technology stocks as the overall tech sector exchange traded funds (ETFs) remain depressed.

The PowerShares QQQ Trust (NasdaqGM: QQQ) and SPDR Technology Select Sector Fund (NYSEArca: XLK) were down 1.5% today.

UBS analyst Amitabh Passi emphasized the “Neutral” rating on Research in Motion (NasdaqGS: RIMM) this morning and decreased his price target from $60 to $40, reports Tiernan Ray for Barron’s. Passi also projects a downward revised $5.4 billion in revenue for this quarter from $5.8 billion.

RIMM was down 3.59%.

Passi points to the “lack of visibility” into earnings, the “lackluster” products line and “uncertainty of timing” of future products are red signals, stating that the Enterprise is “now much more dependent on its consumer appeal where it is under attack from Android and Apple.”

Jefferies has put a “Hold” rating on Cisco (NasdaqGS: CSCO), according to StreetInsider.

“We believe it’s too early for investors to commit to the stock as we’re still in the very early innings of a potential turnaround,” the firm explained. “While the organization has a tremendous franchise and the stock looks cheap, it’s very early days in the company’s restructuring efforts. Cisco hasn’t yet addressed a myriad of issues in the business. Also, we expect that there’s significant inertia – these types of turnarounds can take a very long time.

CISCO was down 1.48%.

For more information on the tech sector, visit our technology category.

Max Chen contributed to this article.