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.
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