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Fly News Breaks for January 19, 2016
CTXS
Jan 19, 2016 | 06:51 EDT
As previously reported, Morgan Stanley downgraded Citrix to Underweight from Equal Weight and $70 price target on shares. Analyst Keith Weiss said Citrix has made substantial progress on cutting costs but sees unfavorable risk/reward for shares given concerns of enterprise software firm's abilities to accelerate growth during periods of continues restructuring, high consensus expectations, intense competition, and full valuation.
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