Cisco dips after rating cut at Evercore

6 hours ago 1
Cisco Systems Headquarters Office in San Jose, California

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Evercore downgraded Cisco Systems' (NASDAQ:CSCO) rating to In Line from Outperform but maintained its $72 price target on the stock.

Shares of the networking services provider dipped about 1% premarket on Monday.

"We think the management team has done a

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