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Fly News Breaks for February 8, 2016
CSCO
Feb 8, 2016 | 07:05 EDT
Goldman analyst Simona Jankowski removed Cisco from the Conviction Buy List saying he believes 2016 will be more challenging than previously forecast due to increasing macro headwinds. The firm's IT Survey indicate a weaker IT outlook for U.S. enterprise demand in 2016 and FX remains a headwind international for the company. Jankowski lowered his price target on Cisco shares to $32 from $35 and maintains his Buy rating.
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