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Cisco (CSCO) is downgraded to Sell with $18 price target at JPMorgan. Positive investor...

Cisco (CSCO) is downgraded to Sell with $18 price target at JPMorgan. Positive investor sentiment on the stock "(has) gotten ahead of itself" given the sluggish enterprise spending environment. "Investors should be using Cisco as a source of funds from current levels." Shares -1.5% premarket.
Comments (2)
  • doc47
    , contributor
    Comments (1024) | Send Message
     
    i repeat myself: thank God for covered calls!
    17 Jan 2013, 09:14 AM Reply Like
  • Oxyman
    , contributor
    Comments (76) | Send Message
     
    Amen, Brother doc47.... made lots of cash selling CSCO covered calls over the years including a nice dividend to boot!
    17 Jan 2013, 10:20 AM Reply Like
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