- 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).