Morgan Stanley Downgrades Cisco to Equal-Weight Ahead of Earnings
Morgan Stanley has downgraded Cisco (CSCO) from Overweight to Equal-Weight. The decision comes as the investment firm notes growing investor concerns regarding the networking company's upcoming financial results. Cisco is scheduled to release its earnings report on November 12. Following the downgrade announcement, shares of the company experienced a decline of 2.9% in premarket trading.
