Cisco dips after HSBC cuts rating on valuation, business momentum

1 hour ago 1
CISCO headquarters in Silicon Valley

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Shares of Cisco Systems' (NASDAQ:CSCO) fell about 2% on Friday after HSBC downgraded its rating to Hold from from Buy, citing valuation and business momentum.

The firm also cut its price target on Cisco's stock to $69 from $73.

Analysts

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