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Fly News Breaks for April 21, 2016
CTXS
Apr 21, 2016 | 09:21 EDT
Needham analyst Scott Zeller raised his price target for Citrix to $96 from $90 after the company reported "much" better-than-expected quarterly results. The analyst believes the company has found several areas to "cut the fat" after the run of acquisitions over the past few years. Zeller sees the guidance for 2016 and 2017 "exceptionally conservative," expecting the company to continue to deliver EPS upside. The analyst reiterates a Buy rating on the shares.
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