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Piper Jaffray Starts Citrix Systems (CTXS) at Underweight

December 12, 2014 6:43 AM EST
Get Alerts CTXS Hot Sheet
Price: $103.90 --0%

Rating Summary:
    12 Buy, 19 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Piper Jaffray initiates coverage on Citrix Systems (NASDAQ: CTXS) with a Underweight rating and a price target of $63.00.

Analyst Katherine Egbert said, " Citrix's primary vehicle for growth has been M&A, which seems to be a partial substitute for R&D. We see growth converging on the 7% market rate, so there is a risk Citrix will continue to acquire rather than let margins float upward."

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 $62.31 yesterday.



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