UPDATE: JP Morgan Downgrades Cisco
January 27, 2014 at 10:06 AM EST
In a report released Monday, JP Morgan analyst Rod Hall downgrades Cisco System (NASDAQ: CSCO ) from Neutral to Underweight, lowering price target to $17. The report notes, "We believe that weakness in Emerging Markets Service Providers called out by CSCO in their QTR earnings report combined with delayed spending