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Fly News Breaks for May 20, 2016
CSCO
May 20, 2016 | 08:04 EDT
Bernstein says that Cisco reported "solid" results, and the firm says that improving product mix at the company is starting to drive its margins higher. The firm thinks that the company's Q4 guidance confirms that such a trend is occurring. It keeps a $34 price target and Outperform rating on the shares.
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