UPDATE: Deutsche Bank Downgrades Cisco Systems On APJC Weakness

In a report published Thursday, Deutsche Bank analyst Brian Modoff downgraded Cisco Systems (NASDAQ: CSCO ) from a Buy rating to a Hold rating and lowered the price target from $28.00 to $25.00. In the report, Deutsche Bank says "Cisco's results [Q1: $12.09B / 53c; Q2 guide: $11.01B / 46c;