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Fly News Breaks for May 5, 2015
CSCO
May 5, 2015 | 07:35 EDT
Bernstein says that Cisco's decision to appoint Chuck Robbins as its new CEO is in-line with its expectations. Noting that John Chambers will stay on as executive chairman, the firm sees limited transition risks. It keeps a $34 price target and Outperform rating on the shares.
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CSCO
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