Cisco Systems shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Cisco Systems from Buy to Neutral, leading to a decrease in the company's stock price.
July 12, 2023 | 5:06 pm
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NEGATIVE IMPACT
Cisco Systems' stock was downgraded by B of A Securities, resulting in a lower trading price.
The downgrade of Cisco Systems by B of A Securities from Buy to Neutral indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100