JPMorgan Downgrades Cisco (CSCO) to Neutral
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Cisco Systems (CSCO) Downgraded at JPmorgan as it Takes a 'Defensive Stance'
July 14, 2022 12:46 PM EDTIn a broad note to investors on Thursday, covering various stocks, JPMorgan analyst Samik Chatterjee downgraded Cisco Systems (NASDAQ: CSCO) from Overweight to Neutral.
The analyst, who lowered the price target on the stock to $51 per share from $62, explained that JPMorgan is taking a defensive stance with its coverage universe as they see "increasing... More
