Cisco Systems Inc. was downgraded to neutral from buy and removed from Goldman Sachs' Americas Buy list on Wednesday. Analyst Simona Jankowski also lowered the 12-month price target on Cisco's stock to $32 from $35, citing decelerating earnings-per-share growth and other "elevated risks" in the near-to-intermediate term that could weigh on the company's expansion. Cisco's shift to a more "recurring revenue" model may help strengthen sales and give it a stronger position in the Internet of Things market long term, but Simona said the near-term risks are of larger concern at the moment. Shares of Cisco fell 1.6% to $28.50 in morning trade - representing the biggest decliner in the Dow Jones Industrial Average. The stock is about flat on the year, versus a 0.5% decline for the Dow 30.
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