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Fly News Breaks for February 19, 2020
CTXS
Feb 19, 2020 | 07:25 EDT
Morgan Stanley analyst Sanjit Singh assumed coverage of Citrix with an Equal Weight rating and price target of $139, up from the firm's previous Underweight rating and $113 price target. Citrix's transition to subscription accelerated in 2019 and he is confident in the company's ability to meet its 2022 free cash flow per share target of $10 given its strong recent expense discipline, aggressive share repurchases and growing contribution from the cloud portfolio, Singh tells investors.
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