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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
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Cisco (CSCO) PT Lowered to $33 at Pacific Crest
May 18, 2017 8:51 AM EDTPacific Crest lowered its price target on Cisco (NASDAQ: CSCO) to $33.00 (from $34.00) while maintaining a Overweight rating following April quarter.
Despite some limited upside to consensus in switching and routing, and strong deferred revenue growth of 13% led by a shift in Cisco ONE... More
Cisco (CSCO) PT Lowered to $40 at Deutsche Bank Following Mixed 3Q
May 18, 2017 7:37 AM EDTDeutsche Bank lowered its price target on Cisco (NASDAQ: CSCO) to $40.00 (from $42.00) while maintaining a Buy rating. CSCO reported a 3Q revenue miss with... More
Cisco (CSCO) PT Lowered to $29 at Instinet Following 3Q Report
May 18, 2017 7:17 AM EDTInstinet lowered its price target on Cisco (NASDAQ: CSCO) to $29.00 (from $30.00) while maintaining a Neutral rating. Cisco delivered $11.9bn in 3Q sales compared with the consensus estimate of $11.9bn. EPS of $0.60 came in ahead of consensus of $0.58.
4Q Guidance for a 4-6% sales... More
