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via finance.yahoo.comMarkets

Morgan Stanley cuts Cisco rating to Equal-weight, target to $120

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Morgan Stanley downgraded Cisco Systems (NASDAQ:CSCO) to Equal-weight from Overweight and cut its price target to $120 from $135 in a note Thursday, telling investors that the stock's strong rally leaves less room for upside ahead of its fiscal first-quarter…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA downgrade of a large tech name can weigh on the stock and sentiment in networking tech.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morgan Stanley downgraded Cisco to Equal-weight from Overweight.
  2. 02The price target was cut to $120 from $135.
  3. 03Cisco shares are up 43% over 12 months, versus 14% for the S&P 500.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cisco Systems, Inc.CSCOStock103.61 USDAwaiting tradestoday +0.62%Negative S&P 500INDEX:SP500Index7,626.70-0.81%today -0.81%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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