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Fly News Breaks for January 23, 2020
CTXS
Jan 23, 2020 | 07:38 EDT
Wedbush analyst Daniel Ives raised his price target for Citrix to $110 from $92 after the company delivered "good results" that beat Street expectations and showed some "nice stability" heading into 2020. However, while the analyst is generally upbeat on Citrix's growth path over the long-term, in the near-term he finds it hard to be bullish on the name at current levels given uncertainty in the field and some clear secular headwinds abound. Ives maintains a Neutral rating on the shares.
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