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Mexico: Cisco to invest more than $4B in regional expansion

Sep. 28, 2016 12:34 AM ETCisco Systems, Inc. (CSCO) StockCSCOBy: Jason Aycock, SA News Editor23 Comments
  • Cisco Systems (NASDAQ:CSCO) will invest more than $4B in expansion in Mexico, the country says.
  • Mexico's government said that Cisco CEO Chuck Robbins announced the plans during a meeting with Mexico's president, Enrique Pena Nieto.
  • The investments, to come between 2016 and 2018, would create 270 jobs and 77 indirect jobs, the government said in a statement.
  • Elsewhere, Bank of America reiterated its Neutral rating on Cisco, with a $33 price target (implying about 5% upside from yesterday's close).

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