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
69,28 €
-1,17 %
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 43 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Das Kursziel von 74 € für Cisco Systems Inc. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 69.28 € hin.
