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Fly News Breaks for October 6, 2015
FFIV, CSCO
Oct 6, 2015 | 07:31 EDT
Citi analyst Jim Suva started shares of Cisco (CSCO) with a Buy rating and $30 price target. Consensus expectations are too low with the company's move to recurring revenue models and the divestiture of its Connected Devices business likely driving higher than expected margins. Suva recommends buying Cisco and selling F5 Networks (FFIV).