Raymond James Downgrades Cisco Systems to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has downgraded Cisco Systems from Outperform to Market Perform.

October 30, 2023 | 9:34 am
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Cisco Systems has been downgraded from Outperform to Market Perform by Raymond James analyst Simon Leopold.
Analyst ratings often have a direct impact on a company's stock price. A downgrade from Outperform to Market Perform suggests that the analyst believes the company's stock will perform similarly to the overall market, rather than outperforming it. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100