Bank of America highlighted Cisco as having lower risk compared to other tech stocks from the escalating U.S. trade war with China.
"We flag Cisco's relatively low exposure to China, which is particularly attractive in the current market environment," Bank of America said.
Cisco's stock was on the low end of the range of big tech stocks hit over the past week by trade fears. Bank of America believes Cisco will bounce back from its recent drop, saying the stock has "room for upside."NurPhoto | Getty Imageson Tuesday, pointing to the company as having lower risk compared to other tech stocks from the escalating U.S. trade war with China.
"We flag Cisco's relatively low exposure to China, which is particularly attractive in the current market environment," Bank of America's Tal Llanl said in a note to investors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
America raises tariffs on China, and the stakes in a trade warLast week a deal seemed close. Now the fear is of full-blown commercial conflict
Read more »
Indonesia central bank seen holding rate as U.S.-China trade spat hits rupiah: Reuters pollIndonesia's central bank on Thursday will keep its main interest rate uncha...
Read more »
Donald Trump’s trade war hots upAmerica ratchets up the pressure in its trade war with China
Read more »
Trade frictions raise questions about China's fentanyl promiseChina has pledged to stem a flood of the synthetic opioid fentanyl onto America&...
Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
China April bank lending seen moderating, policy support still on track: Reuters pollNew bank loans in China likely pulled back in April from strong levels the previ...
Read more »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Read more »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
U.S.-China trade war could “push the global economy into recession,” Bank of America warns amid tariff increaseThe U.S. raised tariffs from 10 percent to 25 percent on $200 billion of Chinese goods on Friday, prompting a vow from China to implement retaliatory measures.
Read more »