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Fly News Breaks for January 23, 2020
CTXS
Jan 23, 2020 | 08:46 EDT
Deutsche Bank analyst Karl Keirstead raised his price target for Citrix Systems to $150 from $130 following the company's better than expected Q4 results. The analyst believes Citrix's growth troughed in Q3 at zero and will slowly accelerate going forward as the pressure from the license-to-ratable model transition diminishes. He reaffirms a Buy rating on the shares.
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