New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT

By Yahoo! Finance   |   1 month ago
New Street Downgrades Cisco Systems (CSCO) to Neutral, Cuts PT

New Street analyst Pierre Ferragu downgraded Cisco Systems to Neutral due to declining gross margins. In contrast, Wells Fargo analyst Aaron Rakers upgraded the rating to Overweight, citing strong AI performance and rising momentum. Cisco's AI-driven growth is expected to boost revenue projections for FY2025.

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