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Fly News Breaks for July 24, 2018
CTXS
Jul 24, 2018 | 08:40 EDT
Wells Fargo analyst Philip Winslow raised his price target for Citrix to $130 from $120 as he believes the company is positioned to achieve and more likely exceed its targets and consensus estimates for the quarter. His checks suggest that Citrix sales force and channel partners are more optimistic than he has picked up in several years in terms of the company's product portfolio and pricing/promotions, as the value of Citrix Cloud is being better understood and traction of the cloud subscription offering continues to increase. Winslow reiterates an Outperform rating on the shares.
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