Why Cisco Systems Stock Slumped Today
A recommendation downgrade from a global bank was the development pushing down Cisco Systems (NASDAQ: CSCO) stock on Friday. The company's shares absorbed the blow by sinking nearly 5% in price, comparing unfavorably to the relatively modest 0.3% slip of the bellwether S 500 index.
Well before market open that day, prognosticator Stephen Bersey lowered his recommendation on Cisco to hold from his previous buy. His price target on the shares is $69 apiece.
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Source Fool.com
Cisco Systems Inc. Aktie
67,33 €
-1,18 %
Einzigartige Zustimmung für Cisco Systems Inc. mit ausschließlich Buy-Einschätzungen.
Für Cisco Systems Inc. ergibt sich mit einem Kursziel von 73 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 67.33 €.
