🔴 Cisco Systems is trading 3.29% down today after Morgan Stanley cut its rating

Cisco Systems is trading 3.29% down at €84.72 on November 6, following Morgan Stanley’s November 5 downgrade to Equal-weight from Overweight.

• Morgan Stanley cut its price target from $135 to $120, citing valuation and potential gross-margin headwinds from AI-related business.
• The downgrade remains the clearest company-specific pressure ahead of Cisco’s November 12 earnings.
• The decline came despite a broader technology-sector rebound; the supplied price context does not include trading volume.