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Fly News Breaks for May 5, 2015
CSCO
May 5, 2015 | 07:58 EDT
After conducting channel checks, Oppenheimer thinks that Cisco's results may beat expectations, driven mostly by ongoing U.S. strength. The firm says that emerging market and carrier capex concerns were accounted for by Cisco. Oppenheimer expects the company's results to improve and show strong momentum. It raised its price target to $32 from $30 and keeps an Outperform rating on the shares.
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