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Fly News Breaks for July 26, 2018
CTXS
Jul 26, 2018 | 05:05 EDT
Jefferies analyst John DiFucci says that while Citrix exceeded "modest" expectations in Q2, and guidance was raised by more than the beat, the stock remains "significantly overvalued." The valuation of Citrix is "among the greatest dislocation in the Software sector," DiFucci says in a post-earnings research note. He raised his price target for the shares to $83 from $76 and keeps an Underperform rating on the name.
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