Jefferie Lifts PT on Citrix Systems (CTXS) to $85

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Jefferies boosted its price target on Buy-rated Citrix Systems (NASDAQ: CTXS) from $80 to $85 following Q4 results.

The firm commetns, "CTXS beat 4Q12 ests materially (+10% on license/ +5% on total revs/ +7% on EPS) and raised FY13 rev ests. We think CTXS has a number of strong growth drivers (mobility, networking and cloud), many of which have incrementally easier comps in coming Q's. Reiterate Buy and raise PT to $85."

Th the firm trimmed Q1 from $0.66 to $0.63, but raised FY14 from $3.70 to $3.77.

For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.

Shares of Citrix Systems closed at $66.98 yesterday, with a 52 week range of $56.57-$87.99.

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