Buy Cisco on the dip because the Amazon threat worries are ‘overdone’: Bank of America
Bank of America Merrill Lynch reiterates its buy rating for Cisco Systems shares, downplaying the competitive threat from Amazon in its switch business. The firm's analyst says most corporations require comprehensive support services to integrate networking switches into their systems. The decline in Cisco Systems CSCO shares last week is a good buying opportunity, according to Bank of America Merrill Lynch.