UBS Sees Slowing Sales at Cisco (CSCO)

July 9, 2008 7:56 AM EDT

UBS said Cisco Systems' (Nasdaq: CSCO) fourth-quarter revenue was flat to down versus the third quarter, citing the slowdown in the U.S. and Europe. UBS said enterprise spending remains challenging, especially in the U.S. West Coast region.

UBS lowered their price target on Cisco from $27 to $25.50, maintaining their Neutral rating.


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