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Comerica Bank sells Cisco shares, while Bridgewealth buys; Cisco EPS misses estimates.
Comerica Bank reduced its stake in Cisco Systems by 0.9%, selling 14,380 shares, while Bridgewealth Advisory Group bought 6,599 new shares.
Cisco reported an EPS of $0.77, missing estimates by $0.14, but is expected to post 3.04 EPS for the year.
The stock, valued at $98.42 million for Comerica, has a 52-week range of $44.50 to $66.50 and a current "Moderate Buy" rating with a target price of $65.05.
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El Banco Comerica vende las acciones de Cisco, mientras que Bridgewealth compra; Cisco EPS pierde estimaciones.