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Fly News Breaks for February 14, 2019
CSCO
Feb 14, 2019 | 07:51 EDT
Citi analyst Jim Suva encourages investors to buy shares of Cisco Systems and boosted his price target for the stock to $56 from $52. The company has transitioned to a higher profitable model with strong cash flows and returning cash to shareholders all evidenced by this quarter's better than expected results and outlook, Suva tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
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