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BWG Global Downgrades Cisco Systems (CSCO), Cites Checks
BWG Global downgraded Cisco Systems (NASDAQ: CSCO) from Positive to Mixed on April 23, citing checks, despite the company’s announcement of the Cisco Universal Quantum Switch on the same day. Concurrently, JPMorgan raised its price target for Cisco to $96 from $95, while maintaining an Overweight rating. Cisco is actively involved in the design and sale of IP-based networking products and services.