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Fly News Breaks for February 10, 2020
CSCO
Feb 10, 2020 | 08:35 EDT
Morgan Stanley analyst Meta Marshall said macro data and her reseller checks point to a more stable backdrop in the quarter for Cisco, which she expects to meet or slightly outperform consensus expectations and have an improved tone when the company reports its fiscal Q2 results on February 12. However, while she sees limited downside risk in the near-term, she sees the tough GDP growth outlook and a return to more normalized IT spending limiting upside for Cisco and she maintains an Equal Weight rating and $50 price target on the shares.
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