Fly News Breaks for January 23, 2020
Jan 23, 2020 | 09:24 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Citrix to $123, saying its Q4 results reflect "solid" year-end demand in both of its segments as well as an "accelerated" transition to a subscription revenue model. The analyst adds that the execution at Citrix has been good, and he looks to gain more confidence in the company's free cash flow targets in 2020-24 as this transition progresses.
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