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Fly News Breaks for April 27, 2017
CTXS
Apr 27, 2017 | 08:17 EDT
As reported previously, Baird analyst Rob Oliver upgraded Citrix to Outperform from Neutral citing fundamental drivers and potential catalysts. The fundamentals include channel improvements, margin increases, and easier comps, while catalysts include its upcoming analyst day, clarity on its model transition, and capital allocation updates. Oliver raised his price target to $90 from $85 on Citrix shares.
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