Bank of America Reiterates Buy and PT of $22 on Cisco Systems

Bank of America reiterated its Buy rating on Cisco Systems

. At the same time, the rating agency left its price target on the company's stock unchanged at $22. On Wednesday, CSCO lost 2.31% of its value to end the day at $13.73. Its shares rebounded strongly in today's pre-market trading, rising 10.49% to stand around $15.17.