B of A Securities Downgrades Cisco Systems to Neutral, Announces $56 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities has downgraded Cisco Systems from Buy to Neutral and set a price target of $56. The downgrade was announced by analyst Tal Liani.
July 12, 2023 | 10:31 am
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NEGATIVE IMPACT
Cisco Systems has been downgraded from Buy to Neutral by B of A Securities, with a price target of $56.
The downgrade from Buy to Neutral indicates a less optimistic outlook for Cisco Systems by B of A Securities. This could potentially lead to a decrease in demand for the stock, negatively impacting its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100