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Fly News Breaks for May 5, 2015
CSCO
May 5, 2015 | 07:54 EDT
Cowen thinks Cisco is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm believes Chuck Robbins is an excellent choice to replace John Chambers. Cowen reiterated its Outperform rating and $35 price target on Cisco shares.
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