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Fly News Breaks for November 13, 2015
CSCO
Nov 13, 2015 | 08:18 EDT
Baird said they would be buyers on weakness in Cisco shares as they believe the company is better positioned than most legacy IT providers. The firm noted the company's soft guidance, including macro-economic and currency headwinds outside the U.S., but sees a broad set of product releases for the second half of 2016. Baird reiterated its Outperform rating but lowered its price target to $32 from $35 on Cisco shares.
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