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. Stock
€66.16
-0.290%
With 46 Buy predictions and not a single Sell prediction Cisco Systems Inc. is an absolute favorite of our community.
As a result the target price of 70 € shows a slightly positive potential of 5.8% compared to the current price of 66.16 € for Cisco Systems Inc..
