Bank of America (NYSE:BAC) lowered its price target on Cisco Systems, Inc. (Nasdaq:CSCO), as EPS are expected to fall.
The financial giant said they believe there will be lower margins which will affect the earnings results of the tech company going forward.
Bank of America reiterated their "Buy" rating on Cisco though, which closed Wednesday at $19.35, down $0.04, or 0.21 percent. They lowered their price target on Cisco from $28 to $24.
Thursday, December 9, 2010
Bank of America (NYSE:BAC) Slashed Cisco (Nasdaq:CSCO) PT
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1 comment:
Cisco is a very good stock. In 6 months $28.
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