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Fly News Breaks for October 20, 2016
CTXS
Oct 20, 2016 | 09:01 EDT
Cowen analyst Gregg Moskowitz said Citrix reported a solid beat and raise quarter. The analyst said valuation is extremely attractive and that the stock continues to be the cheapest in infrastructure software. Moskowitz sees more upside amid guidance that he believes will prove to be conservative. Moskowitz reiterated his Outperform rating and raised his price target to $97 from $95 on Citrix shares.
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