on about 2/11 FBR upgrades CSCO, and not one thing has changed. Oh, and they had the lowest PT at 22,
There are 33 buy ratings with a pt near 24. Likely FBR wants to reload cheaper. Their call is softness in hardware, DAH, CSCO knows that and is transitioning to software. There is nothing to this call but a market knee jerk. We are 6 weeks from earnings and at a time pre earnings when most stocks do weaken. After earnings FBR will upgrade again, like last month.
We should at least see a bounce here. Csco in one hour has made a monthly low. Incredible. So much for charts! Funny how analysts are the last ones to assign a realistic price target, yet they love coming in a shooting down a good stock. that's fun for them.