Cisco Systems (CSCO.US) dropped over 2.0% on Thursday after J.P. Morgan Securities downgraded the networking equipment maker's rating to “neutral” from “overweight”. Analyst Samik Chatterjee lowered stock price target to $51 from $62 as he is taking "cautious view" on near-term order growth as he expects a slowdown in business spending amid worsening macroeconomic outlook.
Cisco's (CSCO.US) stock has dropped nearly 35.0% since the beginning of the year. Currently price is approaching major support at $41.00, which managed to fend off bears twice. Source: xStation5
US Open: A Tentative Start to the New Week on Wall Street!
Anthropic leak and a cybersecurity sell-off
Unity up 10% 🚨 A revolution at the company?
US OPEN: Wall Street declines deepens
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
